Brazil to Focus on Debt Curve Quality

Brazil’s treasury plans to focus on improving the quality of its debt curve above all else, Treasury Secretary Arno Augustin said in a conference call Thursday. “Any overseas issues would be for quality purposes,” Augustin says, noting that there could be more overseas issuance this year aimed at improving the debt profile. He explains Brazil is in a comfortable position regarding some $7.4bn in debt maturing in 2009. Last month, the sovereign sold $1.025bn in 5.875% of 2019 bonds to yield 6.127%.