Brazil Sells $1 Billion Overseas Bond After Borrowing Costs Sink

Brazil tapped overseas debt markets for the first time since July after its borrowing costs tumbled, joining a record wave of emerging-market bond sales this year.

The country sold $1 billion more of its global bonds due in 2026 to yield 5 percent, the Treasury said in a statement. The notes were first issued a year ago at 6 percent.

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