Coutinho said Brazil has “Great potential” for a secondary market for corporate bonds, and BNDES, as the development bank is known, is ready to bolster it. Large Brazilian companies with “good” credit ratings will be able to issue real-denominated debt next year in addition to selling shares.
According to local capital markets associate Anbima, real-denominated corporate bond sales totaled 19.5 billion reais in the first 11 months of the year, compared with 8.9 billion reais in the year-ago period.
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