New Issue: Brazil prices R$3 billion 8½% bonds due 2024 at 99.292 to yield 8.6%

By Aleesia Forni

Columbus, Ohio, April 18 - Federative Republic of Brazil (Baa2/BBB/BBB) priced R$3 billion 8½% bonds due Jan. 5, 2024 at 99.292 to yield 8.6%, according to a filing with the Securities and Exchange Commission.

Goldman Sachs and HSBC were the bookrunners.

Issuer:	Federative Republic of Brazil
Issue:	Global bonds
Amount:	R$3 billion
Maturity:	Jan. 5, 2024
Bookrunners:	Goldman Sachs, HSBC
Coupon:	8½%
Price:	99.292
Yield:	8.6%
Trade date:	April 17
Settlement date:	April 27
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB
	Fitch: BBB

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