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On 29 July 2016, the Luxembourg Stock Exchange (LuxSE) listed and admitted to trading a sovereign bond issue from the Federal Republic of Brazil, the Brazilian government’s second listing on LuxSE this year. The 30-year bond (US105756BY51) has been listed on LuxSE’s “Euro MTF” market and is valued at USD 1.5 billion. The bonds have an interest rate of 5.625%. Brazil’s government will pay coupons on 21 February and 21 August of each year, starting from 21 February 2017 until the bonds mature on 21 February 2047. Global coordinators and joint bookrunners for Brazil’s issue were Deutsche Bank Securities, Goldman Sachs Co. and HSBC.
Emerging market sovereign bonds have become a popular choice for investors in search of yield, particulary...
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