Brazil taps for $1bn after extensive bond rally

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Brazil taps for $1bn after extensive bond rally

Brazil
Rio de Janeiro, Brazil. Sugarloaf Mountain and Botafogo Bay from Corcovado | Mihai Simonia/Mihai Simonia - Fotolia

Latin America’s largest sovereign Brazil raised $1bn in international bond markets on Tuesday, earning praise for its timing despite taking the unusual path of pricing at the wide end of guidance.

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