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Brazil completes second deal of 2025 despite mounting debt pressure

05 Jun 2025

The bond


IPTs for the USD benchmark issue began at 6.125% area for the long 5-year tranche, while the March 2035 tap had IPTs of 7.125% area. Guidance then came in at 5.70% area and 6.75% area before both tranches tightened by 2bp

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