UPDATE 1-Brazil seeks 30-yr bond yield near 6 pct, source says

July 21, 2016 2:11 PM

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SAO PAULO, July 21 The Brazilian government could offer at least $1 billion in new global bonds maturing in February 2047 at a yield in the "very low 6 percent area," a person directly involved in the deal said on Thursday, signaling growing optimism among investors on the outlook for Latin America's largest economy.

Brazil's National Treasury hired the investment-banking units of Deutsche Bank AG, Goldman Sachs Group Inc and HSBC Holdings Plc to manage the transaction. In a statement, the Treasury said the bond sale could be concluded later in the day.

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