Brazil may issue 20-year benchmark bond

Brazil may take advantage of low interest rates to issue a 20-year benchmark bond later this year if demand is sufficient, the country’s Treasury said, as it set out its 2020 debt forecasts and financing plans. Securities linked to the central bank’s benchmark Selic rate are expectred to account for between 40% and 44% of outstanding debt this year versus 38.9% last year, while fixed-rate securities will account for between 27% and 31%, compared with 31% last year.

Source: Reuters