Brazil Reopens Euro Bond Issue

Brazil is to reopen its 2015 euro-denominated bond issue with plans to sell around €300 million of the paper. A total of €500 million ($650 million) 2015 bonds were originally issued in January 2005 with a coupon of 7.375%. This is the second time this year the sovereign has tapped the international capital markets – it sold $1 billion of dollar-denominated debt on 10 January — as it takes advantage of continuing low financing.