Business

The boom of corporate bonds in Brazil

brazil corporate bonds

As Brazil’s Central bank continues to slash benchmark interest rates to record lows, Brazilian capital markets enter a brave new world, with investors forced to leave the comfort of public bonds to venture into more profitable alternatives. Among them, corporate bonds are a rising star—which could spell good news for companies and the government alike.

According to Anbima, the Brazilian association of financial and capital markets entities, the local capital market raised BRL 240.1 billion in the first seven months of the year. This was 38.7 percent higher than the same period of 2018. Of this total,...

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