Brazil’s busiest pipeline of bond and equity offerings in at least six years is being fueled by increasing investor confidence in the country’s ability to emerge from a harsh recession and shrug off global market turmoil, bankers said.
In what the bankers say is a window for offerings that opened last week and may extend for another three weeks, Brazilian companies raised $5.2 billion from bond investors – helping seal financing needs ahead of Donald Trump’s inauguration as U.S. president this week.
Trump’s plans for an infrastructure program and tax cuts rattled emerging markets late last year on fears they would trigger faster increases in borrowing costs, luring capital out of Latin America.
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