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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Fund Profile/New Launches

Brazil to sell bonds to finance SWF

Posted on 29 December 2008

From Businessweek.com: Brazil will sell treasury bonds to finance its new sovereign wealth fund, circumventing a legislative hurdle that had limited its cash supply, a treasury official said.

The bond issue will allow Brazil’s government to deposit 14.2 billion reals ($5.9 billion), or 0.5 percent of gross domestic product, into the fund by January, Deputy Treasury Secretary Cleber Oliveira said, giving no other details on the sale….. Full Article: Source


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