The Brazilian Treasury Secretariat said on Thursday that it sold 750 million U.S. dollars worth of dollar-denominated government bonds due January 2023 in European and U.S. markets.

This was Brazil's first issuance of dollar-denominated government bonds since September 2012, when the country made the last offers in international markets.

Barclays and Citigroup managed the transaction, the secretariat said.

It said that the offer could be extended to Asian markets, with an amount of up to 75 million dollars, under the same conditions.

Issuances of bonds allow the government to borrow from foreign investors by promising to return the investment together with a certain yield within a predetermined time range.

Brazil's sovereign credit ratings in international agencies have improved in the past years. The country's bonds in foreign currency are currently rated Baa2 at Moody's and BBB at Fitch Ratings and Standard & Poor's Ratings. Endit

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