July 5 (Bloomberg) -- Brazil plans to sell dollar bonds abroad for the first time since September, taking advantage of a rally that’s driven the country’s benchmark yields to a seven- month low, said a government official.
The government may sell the bonds this month with maturities of 10 or 30 years, said the official, who asked not to be identified because he isn’t authorized to speak about the transaction.
The Finance Ministry declined to comment in a statement sent by e-mail. Brazil intends to issue bonds abroad “soon,” Treasury Secretary Arno Augustin told reporters in Brasilia on June 29.
Yields on Brazilian dollar bonds due in 2019 touched a seven-month low of 3.45 percent on June 24. The bonds yielded 3.53 percent at 4:45 p.m. New York time, down from 4.24 percent at the end of last year, according to JPMorgan Chase & Co.
--Editors: Brendan Walsh, David Papadopoulos
To contact the reporters on this story: Arnaldo Galvao in Brasilia at firstname.lastname@example.org; Matthew Bristow in Brasilia at email@example.com
To contact the editor responsible for this story: David Papadopoulos at firstname.lastname@example.org