Corporate debt issuance to rise 70% in Brazil in 2021

After 2020 bailouts prompted managers to close credit funds, the industry is picking up amid signs the economy is emerging from its worst phase.

RIO DE JANEIRO, BRAZIL -  Brazil's domestic corporate debt issuance market is growing again after last year's collapse.

It seems to be a return to the glory days of a few years ago, when credit funds were among the fastest-growing investments, as Brazilians turned away from savings and government bonds in search of yield. That market came to a halt last year when the coronavirus took hold and credit fund shareholders rushed to withdraw money.

This year, the sale of corporate debt paper is up 70% over the same period in 2020, according to Bloomberg figures, with investors . . .

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