Bloomberg News

Brazil Auctions 1.3 Billion Reais More of Debt Than Last Week

July 19, 2012

Brazil auctioned 7.3 billion reais ($3.6 billion) of fixed-rate and zero-coupon securities today, compared with last week’s 6 billion reais of zero-coupon debt, according to data compiled by the Treasury.

“There was strong demand,” Ricardo Tibau, a government bond trader at Renascenca Dtvm Ltda., said by phone from Sao Paulo. “The auctions were well-received.”

To contact the reporter on this story: Gabrielle Coppola in Sao Paulo at gcoppola@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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