The Brazilian Treasury on Tuesday night completed the sale of $3 billion in global bonds at interest rates equal to pre-crisis levels, the government said. The Treasury sold the bonds, due in 2028, at an interest rate of 4.625%, the lowest level in three years. The government’s previous bond sale, in March, was closed out at an interest rate of 6.0%. The government will use proceeds from this week’s sale to buy back more expensive long-term bonds. Treasury officials hailed the bond sale as a sign that foreign investors are increasingly confident in Brazil’s economic prospects and debt management.
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