CashNews.co
BRASILIA (Reuters) – Brazil’s government has bought back $2 billion of global bonds maturing between 2024 and 2041 to reduce its financing costs, the country’s Treasury said in a statement on Thursday. The government bought back the debt with funds raised from the sale of $3.5 billion of global bonds due 2045. The move was intended to facilitate future debt issuance by Brazilian companies, whose bonds are often priced in line with the country’s sovereign bond yield curve, or the returns a government’s bonds pay as they mature. Brazil’s new 2045 bond will deliver investors a yield of 5.131 percent, or 187.5 basis points, over comparable U.S. Treasury notes, the widest spread for a 30-year bond issued by the Brazilian government since 2009. Brazil Treasury Bond Repurchases: Bond Coupon Price Amount Remaining (pct) Purchased (mln USD) (mln USD) Global 2024 8.875 141.32 1.9 1,144.340 Global 2024B 8.875 141.32 3.89 92.290 Global 2025 8.750 141.33 112.27 964.080 Global 2027 10.125 159.56 99.91 1,333,440 Global 2030 12,250 185.93 45.50 441,980 Global 2034 8,250 140.22 371.49 1,691,470 Global 2037 7,125 128.23 949.87 2,129,570 Global 2041 5,625 109.33 460.36 2,503,910 Total 2,045.19 10,301,080 (Reporting by Alonso Soto and Walter Brandimarte; Editing by Janisse Huambachano)