Infra debentures have the highest spread since 2024. Funds are bound to suffer (again)
Num ano de volatilidade brutal para as debêntures de infraestrutura, os spreads desses papéis incentivados acabam de chegar ao maior nível desde 2024. O spread – o prêmio em relação às NTN-Bs de prazo equivalente – está em 0,4 ponto percentual na mediana dos papéis monitorados pela Anbima. Considerando apenas os títulos mais líquidos do […] The post Debêntures de infra têm maior spread desde…
Debentures of infrastructure in Brazil have reached their highest spread since 2024, according to Anbima. The median spread is 0.4 percentage points, and for the most liquid titles, it is 0.74 percentage points, above the historical average of 0.57. This volatility, combined with defaults from companies like Raízen and GPA, has led to a decrease in demand and a significant drop in infrastructure emissions, which totaled R$ 170 million in August, a 97.5% decrease from July.
Despite this, some investors see opportunities in the market, with Root Capital launching a new infrastructure fund listed on the stock exchange.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
