Latin American borrowers are lining up to sell as much as $4 billion in bonds, taking advantage of a rebound in Brazil that helped push bond prices to their highest level since Russia's default in August.

Rising confidence in Latin American economies has helped Brazil return to the international bond markets two months after its currency devaluation rattled investors, who were still smarting from Russia's domestic debt default and devaluation. That could open the door for many cash-strapped borrowers.

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