by Marcella Ayers and Bernardo Carama
BRASILIA (Reuters) – On Monday, the Brazilian government filed a registration with the US Securities and Exchange Commission (SEC) proposing to offer up to $26.402 billion in debt securities in a new issuance program, transaction Requested to open the place. To operate over the years.
According to the National Treasury, the current limit was $2.5 billion and registration with the SEC represents a natural move to expand it to a much higher value, as this authorization process incurs a cost for the issuer.
“This is a request to place with the SEC to pursue future issues,” the Treasury told Reuters.
“There is no change in the emission schedule,” he said.
The document does not establish an expiration date or remuneration rate. Details will be announced with each issue.
According to a source at the economic team who spoke on condition of anonymity, the new location puts the horizon of about five years from the time of release “without haste.”
The document states that Brazil may from time to time sell bonds or guarantees up to that amount. Proposals may be made from the date of registration of the prospectus made on a Monday in the United States.
(by Bernardo Carrom)