Rebirth of Brazil’s corporate bond market attracts foreign investors looking for yield – The Wall Street Journal

Rebirth of Brazil’s corporate bond market attracts foreign investors looking for yield – The Wall Street Journal

Foreign investors are flocking to the relatively high returns offered by large Brazilian companies issuing debt to strengthen their balance sheets amid the coronavirus pandemic.

The Brazilian Association of Financial and Capital Markets said local firms issued seven dollar-denominated bond issues in July, for a total of $ 3.7 billion, a 48% increase over the previous year. ‘last year. That…

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