The increase in the final amount was prompted by an extra offer of bonds of $37.5 million to Asian investors, the government said. The bonds were issued at 115.6 basis points over Treasurys to yield 5% a year.
Citigroup Inc. (C) and J.P. Morgan Chase & Co. (JPM) coordinated the transaction, while Banco Santander and Banco do Brasil S/A (BDORY, BBAS3.BR) were co-managers on the deal.
-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com
Brazil Raises $787.5M From Overseas Bonds Issue
NEW YORK, April 15 (Reuters) - Brazil on Thursday launched $750 million worth of 10-year dollar-denominated bonds to yield 5 percent, in line with initial guidance, Thomson Reuters IFR reported.
Demand for the bonds, due in 2021, topped $1.85 billion, IFR said.
Citigroup Inc (C.N) and JPMorgan Chase & Co (JPM.N) are the banks managing the issue.
(Reporting by Walter Brandimarte; Editing by James Dalgleish)"
Brazil launches $750 mln in 10-year bonds
BRASILIA, April 15 (Reuters) - Brazil's Treasury said on Thursday it was launching a global bond in U.S. dollars which would mature in January 2021.
