Edla Lula
Reporter - Agência Brasil

Brasília - The National Treasury sold € 300 million (US$ 360 million) in Republican bonds on the international market. The bonds are due in 2015. The proceeds will be incorporated into Brazil's international reserves on Friday (3). With this new issue, the total amount of outstanding Republican bonds rose to € 800 million.

In January, 2005, the government issued € 500 million worth of these bonds.

In yesterday's operation, the annual interest rate investors will receive is 5.448%. The issue was underwritten by the Dresdener Bank AG London Branch and Barclay Capital Inc.

Translation: David Silberstein