Brazil’s Finance Minister Fernando Haddad speaks during the ceremony of sanction of the bill that establishes the policy of permanent appreciation of the minimum wage, at the Planalto Palace in Brasilia, Brazil August 28, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing Rights
BRASILIA, Nov 13 (Reuters) – Brazilian Finance Minister Fernando Haddad confirmed on Monday that the Treasury raised $2 billion in its inaugural issuance of sustainable seven-year sovereign bonds with a yield of 6.5%.
Speaking to reporters, Haddad described the outcome as “quite significant,” emphasizing that the spread of the operation was comparable to those obtained by investment-grade countries.
Reporting by Marcela Ayres; Editing by Leslie Adler
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