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Tesouro Nacional

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Public Debt
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and Restructuring of Liabilities
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Public Debt
Characteristics of the Public Bonds

The federal domestic and external public debt is mostly comprised of bonds, which are distinguished accordingly to the context and the issuance reasons. For floating rating bonds, for an example, there are several indexes, which vary accordingly to the type. There are also bonds that are not indexed, the so-called fixed rate bonds. Lastly, there are differences regarding interest rates, type of payment, and type of offering (auction or direct).

The characteristics of each federal domestic and external debt bonds are listed below.

For more details about the domestic bonds pricing and taxation, among other subjects, please access the Foreign Investor’s Handout..




Documentos Relacionados

Domestic Debt
•  National Treasury Bills - LTN (article 1) (Portuguese only)
•  Treasury Financial Bills - LFT (articles 2 to 5) (Portuguese only)
•  National Treasury Notes - NTN (articles 6 to 16) (Portuguese only)
•  Agrarian Debt Bonds - TDA (Portuguese only)
•  Agrarian Debt Assets- ASTN (Portuguese only)
•  National Treasury Bonds - BTN (Portuguese only)
•  Public Debt Certificates - CDP (article 28) (Portuguese only)
•  National Treasury Certificates - CTN (article 27) (Portuguese only)
•  Certificados Financeiro do Tesouro - CFT (art 17Ί ao 26Ί)
•  Treasury Financial Certificates - CFT (articles 17 to 26) (Portuguese only)
•  Public Bonds Pricing Methodology (ENGLISH)
External Debt
•  Brady Bonds (Portuguese only)
•  New External Sovereign Bonds (Portuguese only)
•  Paris Club (Portuguese only)


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