Brazil onshore structured note issuance expected to hit $500m per month

Cristo Redentor statue overlooking Rio de Janeiro

Onshore structured products issuance in Brazil could be worth the equivalent of $500 million a month in the second half of this year, according to market participants. Following the $80 million of product sales in January - the new market's first month of operation - bankers expect the issuance figures for February to be far higher. Since the market opened, six banks have issued certificado de operações estruturadas (COEs), or structured operations certificates, including Brades

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