Monthly Archives: October 2012

Brazil: Failure demonstrates pressure on small banks

The liquidation of Brazilian bank Cruzeiro do Sul has damaged the reputation of the Brazilian central bank (BCB), and heightened funding difficulties for other small and medium-sized banks, according to market participants. There has been much debate about the role … Continue reading

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Brazil no longer the darling of Latam’s DCM markets

The Federative Republic of Brazil extended its recent run of lowering the cost of its international funds in September by selling $1.25 billion in 2023 bonds to yield 2.686% (US treasuries plus 110 basis points). The deal, which attracted orders … Continue reading

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