* Brazilian utilities and semi-sovereigns are lining up to hit the international bond markets in the new year. Eletrobras this week said it plans to issue between $300m and $400m and Petrobras confirmed it was seeking approval from government authorities to raise $500m. Both entities have been severely limited in their access to international debt. The last time Petrobras came to market was in May when it issued a $100m 8.75% one year deal via Barclays Capital. * The Province of Buenos Aires increased its one year 144a bond issue this week by $30m, taking the deal, launched by Salomon Smith Barney on November 24, to $150m.
December 03, 1999