Brazil successfully entered the debt markets with a record bond offering of USD 2.25 bln each in notes due in 2034 and 2054, with yields of 6.35% and 7.15%, respectively. That follows a recent trend of developing nations issuing new notes early in the year. The sale is part of Brazil’s ongoing strategy to issue ESG bonds annually, with future sales depending on the impact reports of previous sales. Brazil has sufficient USD to cover all 2024 maturities, and proceeds from this year’s bond sales will be allocated for 2025 commitments, which amount to USD 7 bln to 8 bln.