Brazilian companies raise US$4.6 billion in corporate bonds in 10 days

The volume of orders received by the 5 Brazilian companies offering bonds abroad is notable. In all, there were US$24.4 billion in purchase orders registered for bond issues by Petrobras, PetroRio, JBS, CSN and Azul.

RIO DE JANEIRO, BRAZIL - A new wave of risk-taking appetite by foreign investors, coupled with a scarcity of assets with interesting returns, fueled a fundraising sequence by Brazilian companies over the past 10 days. Transactions totaled US$4.6 billion.

In the coming days, Stone and Light should raise funds and the success is expected to be maintained. Stone aims to raise around US$500 million and US$750 million, while Light should raise up to US$600 million.

In other words, the amount of funding from Brazilian companies will jump to nearly US$6 billion next week.

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