Brazil sells $3.2 bln new global bonds, buys back about $2 bln

Reuters

SAO PAULO/BRASILIA, Oct 23 (Reuters) - Brazil's treasuryconfirmed the sale on Wednesday of $3.2 billion of new globalbonds due in 2025 as it prepared to buy back a series ofcostlier notes maturing between 2017 and 2030.

The National Treasury is buying back around $2 billionglobal bonds in conjunction with the new bond sale, according toa source with direct knowledge of the transaction.

Earlier on Wednesday, Treasury Secretary Arno Agustin saidthe government would retire older bonds that do not help create"the best yield curve for Brazil."

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