Bankers have privately disclosed that Brazil will give its U.S. lenders bonds worth about $1.2 billion to settle overdue interest bills.

The size of the payout, which gained final approval from Brazil's Senate last week, is roughly in line with expectations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.