The National Treasury of Brazil announced on Monday, November 9, that it has mandated the issuance of new dollar-denominated bonds in the international market, including a new benchmark bond with a 10-year maturity set for 2036. Additionally, there will be a reopening of the existing 30-year Global 2056 bond. This strategic operation aims to enhance the liquidity of Brazil's sovereign interest rate curve in foreign currency markets and to provide benchmarks for the corporate sector while also anticipating financing for upcoming foreign currency debts.

Leading the issuance will be prominent banks including HSBC, JP Morgan, Santander, and Sumitomo, with results of the issuance expected to be announced by the end of the same day. The last bond issuance by the Treasury occurred in November, where they raised $2.25 billion with bonds maturing in 2033 and also reopened the offer for the 10-year bond maturing in 2035, indicating a regular and strategic effort to maintain robust financing options in foreign markets.

This move by the Treasury reflects ongoing efforts to manage Brazil's foreign currency financing needs and to establish a stable investment environment for international investors. By providing new benchmarks for corporate borrowing in dollars, the Treasury is working to improve market conditions for Brazilian corporations looking to operate internationally, thus potentially enhancing economic resilience and liquidity in the long term.