By Marcela Ayres
BRASILIA (Reuters) -Brazil’s Treasury on Tuesday made its third foreign debt sale of the year, marking the first time since 2014 that Latin America’s largest economy has conducted more than two external bond sales in a single year.
The country launched a new 30-year note and reopened an existing five-year benchmark, the Treasury said in a statement, lauding the transaction as “successful” and a sign of investor confidence in its economic management.
The operations were aimed at boosting liquidity in Brazil’s dollar yield curve abroad, providing benchmarks for corporate issuers, and pre-financing upcoming foreign currency debt maturities, it said.
The new 30-year benchmark had a yield of 7.5%, but the Treasury said it would disclose only on Wednesday the amount raised.