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Brazil Treasury Statement

BRAZIL

On Friday, the Treasury announced new maturities for Q1'21 auctions. It also said it will increase the NTN-F local notes offer to 3 from 2 maturities and while NTN-B local notes will also have new maturities, according to a statement.

  • NTN-F offer will go to 3 from 2 maturities, with terms of 6, 8 and 10 years
  • NTN-B offer will have 6 terms, 3, 5, 7, 10, 20 and 40 years
  • LFT remains with 2 terms, 1 and 6 years
  • Treasury is also bringing forward March and April rollover auctions, as a way to reduce the impact on the market of maturities occurring in these months
  • Treasury also changed auction's calendar, which will now be quarterly instead of annual
  • Decision are aimed at optimizing the interest curve and expanding the investor's base, Treasury said

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