XP INVESTMENTS | XP INTERNATIONAL

BRAZIL BONDS (USD) | Daily Indicative Pricing Run 701 Brickell Avenue | 21st Floor
Miami, FL
08/03/23 (786) 732-1110
Banco do Brasil Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Banco do Brasil SA BANBRA 4 3/4 03/20/24 4.75 3/20/2024 Sr Unsecured 100.67 3.6 0.6 1 BB- Ba2 n.a. 750MM KY USP1R027AA25 N n.a. n.a.
Banco do Brasil SA BANBRA 4 5/8 01/15/25 4.625 1/15/2025 Sr Unsecured 99.53 5.0 1.4 1 BB- Ba2 BB 1MMM KY USP3772WAH53 N n.a. n.a.
Banco do Brasil SA BANBRA 3 1/4 09/30/26 3.25 9/30/2026 Sr Unsecured 93.58 5.5 2.9 3 n.a. Ba2 BB 750MM KY USP2000TAA36 N n.a. n.a.
Banco do Brasil SA BANBRA 4 7/8 01/11/29 4.875 1/11/2029 Sr Unsecured 96.28 5.7 4.7 5 n.a. Ba2 BB 500MM KY USP3772WAK82 N n.a. n.a.
Banco do Brasil SA BANBRA 6 1/4 PERP 6.25 n.a. Jr Subordinated 93.78 16.1 0.6 n.a. CCC+ n.a. n.a. 1.78MMM KY USG07402DP58 Y 4/15/2024 100.00
Banco do Brasil SA BANBRA 9 PERP 9 n.a. Jr Subordinated 102.95 5.4 0.8 n.a. CCC+ B2 n.a. 2.12MMM KY USP3772WAF97 Y 6/18/2024 100.00

7.0
YTW / C (%) Log. (YTW / C (%))

6.0 BANBRA 4 7/8 01/11/29

BANBRA 3 1/4 09/30/26

5.0

BANBRA 4 3/4 03/20/24

BANBRA 4 5/8 01/15/25
4.0

3.0

2.0

1.0

0.0
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0

Braskem Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Braskem SA BRASKM 4 1/2 01/10/28 4.5 1/10/2028 Sr Unsecured 93.09 6.3 3.9 4 BBB- n.a. BBB- 1.25MMM NL USN15516AB83 Y 10/10/2027 100.00
Braskem SA BRASKM 4 1/2 01/31/30 4.5 1/31/2030 Sr Unsecured 86.36 7.2 5.4 6 BBB- n.a. BBB- 1.5MMM NL USN15516AD40 N n.a. n.a.
Braskem SA BRASKM 7 1/4 02/13/33 7.25 2/13/2033 Sr Unsecured 98.96 7.4 6.5 10 BBB- n.a. BBB- 1MMM NL USN15516AG70 Y 11/13/2032 100.00
Braskem SA BRASKM 7 1/8 07/22/41 7.125 7/22/2041 Sr Unsecured 98.08 7.3 9.9 18 BBB- Ba1 BBB- 586.785MM US USU1065PAA94 Y 1/22/2041 100.00
Braskem SA BRASKM 5 7/8 01/31/50 5.875 1/31/2050 Sr Unsecured 80.43 7.6 11.9 26 BBB- n.a. BBB- 750MM NL USN15516AE23 N n.a. n.a.
Braskem SA BRASKM 8 1/2 01/23/2081 8.5 1/23/2081 Subordinated 102.77 7.1 2.0 57 BB n.a. BB 600MM NL USN15516AF97 Y 10/24/2025 100.00

10.0 YTW / C (%) Log. (YTW / C (%))

9.0

8.0
BRASKM 8 1/2 BRASKM 4 1/2 01/31/30
BRASKM 7 1/8 07/22/41
01/23/2081 BRASKM 7 1/4 02/13/33
7.0 BRASKM 4 1/2 01/10/28

BRASKM 5 7/8 01/31/50

6.0

5.0

4.0

3.0

2.0

1.0

0.0
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0

Source: Bloomberg

Este documento se encontra incompleto sem o Disclaimer encontrado ao final do formulario

 BRAZIL BONDS (USD) | Daily Indicative Pricing Run XP INVESTMENTS | XP INTERNATIONAL
701 Brickell Avenue | 21st Floor
Miami, FL
(786) 732-1110
08/03/23
BRF Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
BRF SA BRFSBZ 4 3/4 05/22/24 4.75 5/22/2024 Sr Unsecured 100.82 3.7 0.8 1 BB- Ba3 BB 295.363MM BR EK280443 Corp N n.a. n.a.
BRF SA BRFSBZ 4.35 09/29/26 4.35 9/29/2026 Sr Unsecured 94.67 6.2 2.8 3 BB- n.a. BB 499.282MM AT USA08163AA41 N n.a. n.a.
BRF SA BRFSBZ 4 7/8 01/24/30 4.875 1/24/2030 Sr Unsecured 84.48 8.0 5.3 6 n.a. Ba3 BB 690.598MM BR USP1905CJX94 Y 10/24/2029 100.00
BRF SA BRFSBZ 5 3/4 09/21/50 5.75 9/21/2050 Sr Unsecured 71.70 8.4 11.0 27 n.a. Ba3 BB 800MM BR USP1905CAJ91 Y 3/21/2050 100.00

10.0
YTW / C (%) Log. (YTW / C (%))

9.0
BRFSBZ 5 3/4 09/21/50
BRFSBZ 4 7/8 01/24/30
8.0

7.0
BRFSBZ 4.35 09/29/26

6.0

5.0

4.0

3.0

2.0

1.0
2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0

Cia Siderurgica Nacional Curve

Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Cia Siderurgica Nacional SA CSNABZ 7 5/8 04/17/26 7.625 4/17/2026 Sr Unsecured 101.24 6.8 1.5 3 n.a. Ba2 BB 300MM BR USL21779AD28 Y 9/4/2023 102.52
Cia Siderurgica Nacional SA CSNABZ 6 3/4 01/28/28 6.75 1/28/2028 Sr Unsecured 94.59 8.2 3.8 4 n.a. Ba2 BB 1.3MMM BR USG2583XAB76 Y 1/28/2024 103.38
Cia Siderurgica Nacional SA CSNABZ 4 5/8 06/10/31 4.625 6/10/2031 Sr Unsecured 79.18 8.3 6.2 8 n.a. Ba2 BB 850MM BR USL21779AJ97 Y 6/10/2026 102.31

9.0 YTW / C (%) Log. (YTW / C (%))

CSNABZ 6 3/4 01/28/28 CSNABZ 4 5/8 06/10/31

8.0

CSNABZ 7 5/8 04/17/26

7.0

6.0

5.0

4.0

3.0

2.0

1.0

0.0
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0

Source: Bloomberg

Este documento se encontra incompleto sem o Disclaimer encontrado ao final do formulario

 XP INVESTMENTS | XP INTERNATIONAL
BRAZIL BONDS (USD) | Daily Indicative Pricing Run 701 Brickell Avenue | 21st Floor
Miami, FL
(786) 732-1110
08/03/23
Cosan Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Cosan SA CSANBZ 7 01/20/27 7 1/20/2027 Sr Unsecured 102.23 4.5 0.4 3 BB- Ba2 BB 400MM LU USL20041AD89 Y 9/4/2023 102.33
Cosan SA CSANBZ 5 1/2 09/20/29 5.5 9/20/2029 Sr Unsecured 95.08 6.5 5.0 6 BB- n.a. BB 750MM LU USG25343AB36 Y 9/20/2024 102.75
Cosan SA CSANBZ 7 1/2 06/27/30 7.5 6/27/2030 Sr Unsecured 101.86 7.1 4.7 7 n.a. Ba2 BB 550MM LU USL20041AF38 Y 6/27/2026 103.75
Cosan SA CSANBZ 8 1/4 PERP 8.25 n.a. Sr Unsecured 99.83 8.3 11.8 n.a. BB- Ba2 BB 500MM KY XS0556373347 Y 11/5/2023 100.00

YTW / C (%) Log. (YTW / C (%))

7.0
CSANBZ 5 1/2 09/20/29

6.0

5.0

CSANBZ 7 01/20/27
4.0

3.0

2.0

1.0

0.0
0.0 1.0 2.0 3.0 4.0 5.0 6.0

Embraer Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Embraer SA EMBRBZ 5.696 09/16/23 5.696 9/16/2023 Sr Unsecured 101.59 -8.6 0.1 0 BB+ Ba2 BB+ 210.762MM KY USG30376AB69 N n.a. n.a.
Embraer SA EMBRBZ 5.05 06/15/25 5.05 6/15/2025 Sr Unsecured 100.88 4.5 1.7 2 BB+ Ba2 BB+ 420.867MM NL US29082HAA05 N n.a. n.a.
Embraer SA EMBRBZ 5.4 02/01/27 5.4 2/1/2027 Sr Unsecured 100.41 5.3 3.1 3 BB+ n.a. BB+ 750MM NL US29082HAB87 N n.a. n.a.
Embraer SA EMBRBZ 6.95 01/17/28 6.95 1/17/2028 Sr Unsecured 103.15 6.1 3.6 4 BB+ n.a. BB+ 750MM NL USN29505AA70 Y 10/17/2027 100.00
Embraer SA EMBRBZ 7 07/28/30 7 7/28/2030 Sr Unsecured 102.18 6.6 5.3 7 BB+ n.a. BB+ 750MM NL USN29505AB53 Y 4/28/2030 100.00

YTW / C (%) Log. (YTW / C (%))

8.0

EMBRBZ 6.95 01/17/28

6.0 EMBRBZ 5.4 02/01/27
EMBRBZ 5.05 06/15/25

4.0

2.0

0.0
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0

-2.0

-4.0

-6.0

-8.0EMBRBZ 5.696 09/16/23

-10.0

Source: Bloomberg

Este documento se encontra incompleto sem o Disclaimer encontrado ao final do formulario

 BRAZIL BONDS (USD) | Daily Indicative Pricing Run XP INVESTMENTS | XP INTERNATIONAL
701 Brickell Avenue | 21st Floor
Miami, FL
08/03/23 (786) 732-1110

Brazil Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Federative Republic of Brazil BRAZIL 4 1/4 01/07/25 4.25 1/7/2025 Sr Unsecured 99.72 4.5 1.4 1 BB- Ba2 BB 4.3MMM BR US105756BV13 N n.a. n.a.
Federative Republic of Brazil BRAZIL 6 04/07/26 6 4/7/2026 Sr Unsecured 103.87 4.4 2.4 3 BB- Ba2 BB 2.176MMM BR US105756BX78 N n.a. n.a.
Federative Republic of Brazil BRAZIL 8 1/4 01/20/34 8.25 1/20/2034 Sr Unsecured 116.81 6.1 7.2 10 BB- Ba2 BB 1.369MMM BR US105756BB58 N n.a. n.a.
Federative Republic of Brazil BRAZIL 7 1/8 01/20/37 7.125 1/20/2037 Sr Unsecured 108.66 6.2 8.8 13 BB- Ba2 BB 1.634MMM BR US105756BK57 N n.a. n.a.
Federative Republic of Brazil BRAZIL 5 5/8 01/07/41 5.625 1/7/2041 Sr Unsecured 90.86 6.5 10.6 17 BB- Ba2 BB 2.221MMM BR US105756BR01 N n.a. n.a.
Federative Republic of Brazil BRAZIL 5 01/27/45 5 1/27/2045 Sr Unsecured 80.93 6.7 12.0 21 BB- Ba2 BB 3.3MMM BR US105756BW95 N n.a. n.a.
Federative Republic of Brazil BRAZIL 2 7/8 06/06/25 2.875 6/6/2025 Sr Unsecured 96.98 4.6 1.7 2 BB- Ba2 BB 1.75MMM BR US105756CD06 N n.a. n.a.
Federative Republic of Brazil BRAZIL 3 7/8 06/12/30 3.875 6/12/2030 Sr Unsecured 90.49 5.6 5.8 7 BB- Ba2 BB 3.5MMM BR US105756CC23 N n.a. n.a.
Federative Republic of Brazil BRAZIL 4 3/4 01/14/50 4.75 1/14/2050 Sr Unsecured 75.88 6.7 13.1 26 BB- Ba2 BB 4MMM BR US105756CB40 Y 7/14/2049 100.00
Federative Republic of Brazil BRAZIL 3 3/4 09/12/31 3.75 9/12/2031 Sr Unsecured 87.69 5.7 6.7 8 BB- n.a. BB 1.5MMM BR US105756CE88 N n.a. n.a.

YTW / C (%) Log. (YTW / C (%))

8.0

BRAZIL 5 01/27/45
7.0 BRAZIL 8 1/4 01/20/34 BRAZIL 5 5/8 01/07/41
BRAZIL 7 1/8 01/20/37
BRAZIL 3 7/8 06/12/30
BRAZIL 4 3/4 01/14/50
6.0
BRAZIL 3 3/4 09/12/31

BRAZIL 4 1/4 01/07/25 BRAZIL 6 04/07/26

5.0

4.0 BRAZIL 2 7/8 06/06/25

3.0

2.0

1.0

0.0
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0

Gerdau Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Gerdau SA GGBRBZ 4 7/8 10/24/27 4.875 10/24/2027 Sr Unsecured 99.58 5.0 3.7 4 BBB- n.a. BBB 426.513MM VG USG3925DAD24 N n.a. n.a.
Gerdau SA GGBRBZ 4 1/4 01/21/30 4.25 1/21/2030 Sr Unsecured 94.02 5.4 5.5 6 BBB- n.a. BBB 500MM US USU4034GAA14 Y 7/21/2029 100.00
Gerdau SA GGBRBZ 7 1/4 04/16/44 7.25 4/16/2044 Sr Unsecured 108.26 6.5 10.7 21 BBB- Baa3 BBB 481.043MM VG USG2440JAG07 Y 10/16/2043 100.00

YTW / C (%) Log. (YTW / C (%))

7.0
GGBRBZ 7 1/4 04/16/44

6.0

5.0
GGBRBZ 4 1/4 01/21/30

GGBRBZ 4 7/8 10/24/27

4.0

3.0

2.0

1.0

0.0
0.0 2.0 4.0 6.0 8.0 10.0 12.0

Source: Bloomberg
Este documento se encontra incompleto sem o Disclaimer encontrado ao final do formulario
 BRAZIL BONDS (USD) | Daily Indicative Pricing Run XP INVESTMENTS | XP INTERNATIONAL
701 Brickell Avenue | 21st Floor
Miami, FL
(786) 732-1110
08/03/23
Itaú Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Itau Unibanco Holding SA ITAU 3 7/8 04/15/31 3.875 4/15/2031 Subordinated 93.83 6.7 2.2 8 n.a. B1 BB- 500MM KY US46556M2A90 Y 1/15/2026 100.00
Itau Unibanco Holding SA ITAU 3 1/4 01/24/25 3.25 1/24/2025 Sr Unsecured 97.98 4.7 1.4 1 NR Ba3 BB+ 500MM KY US46556KAB26 N n.a. n.a.
Itau Unibanco Holding SA ITAU 4 1/2 11/21/29 4.5 11/21/2029 Subordinated 98.53 5.7 1.2 6 n.a. B1 BB- 750MM KY US46556MAM47 Y 11/21/2024 100.00
Itau Unibanco Holding SA ITAU 7.721 PERP 7.721 n.a. Jr Subordinated 99.22 9.9 0.3 n.a. n.a. B2 B 1.25MMM KY USP5R6DPAA84 Y 12/12/2023 100.00
Itau Unibanco Holding SA ITAU 7.859 PERP 7.859 n.a. Jr Subordinated 99.63 10.8 0.1 n.a. n.a. B2 B 750MM KY USP5R6DPAB67 Y 9/19/2023 100.00
Itau Unibanco Holding SA ITAU 4 5/8 PERP 4.625 n.a. Jr Subordinated 81.48 18.9 1.4 n.a. NR B2 B 700MM KY USP59699AB77 Y 2/27/2025 100.00

YTW / C (%) Log. (YTW / C (%))

8.0

ITAU 3 7/8 04/15/31

7.0

6.0 ITAU 4 1/2 11/21/29

5.0

ITAU 3 1/4 01/24/25

4.0

3.0

2.0

1.0

0.0
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0

Klabin Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Klabin SA KLAB 4 7/8 09/19/27 4.875 9/19/2027 Sr Unsecured 97.47 5.6 3.6 4 BB+ n.a. BB+ 255.619MM AT USL5828LAB55 N n.a. n.a.
Klabin SA KLAB 5 3/4 04/03/29 5.75 4/3/2029 Sr Unsecured 99.91 5.8 4.7 6 BB+ n.a. BB+ 750MM AT USA35155AA77 Y 1/3/2029 100.00
Klabin SA KLAB 7 04/03/49 7 4/3/2049 Sr Unsecured 100.15 7.0 11.5 26 BB+ n.a. BB+ 700MM AT USA35155AB50 Y 10/3/2048 100.00
Klabin SA KLAB 3.2 01/12/31 3.2 1/12/2031 Sr Unsecured 82.18 6.2 6.4 7 BB+ n.a. BB+ 500MM AT USA35155AE99 Y 10/12/2030 100.00

YTW / C (%) Log. (YTW / C (%))

8.0

KLAB 7 04/03/49
7.0
KLAB 3.2 01/12/31

6.0 KLAB 5 3/4 04/03/29

5.0 KLAB 4 7/8 09/19/27

4.0

3.0

2.0

1.0

0.0
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0

Source: Bloomberg

Este documento se encontra incompleto sem o Disclaimer encontrado ao final do formulario

 BRAZIL BONDS (USD) | Daily Indicative Pricing Run XP INVESTMENTS | XP INTERNATIONAL
701 Brickell Avenue | 21st Floor
Miami, FL
(786) 732-1110
08/03/23
Marfrig Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Marfrig Global Foods SA MRFGBZ 7 05/14/26 7 5/14/2026 Sr Unsecured 99.75 7.1 2.4 3 BB+ n.a. BB+ 784MM US USU63768AA01 Y 9/5/2023 101.75
Marfrig Global Foods SA MRFGBZ 6 5/8 08/06/29 6.625 8/6/2029 Sr Unsecured 94.44 7.8 4.8 6 BB+ n.a. BB+ 487MM US USU63768AB83 Y 8/6/2024 103.31
Marfrig Global Foods SA MRFGBZ 3.95 01/29/31 3.95 1/29/2031 Sr Unsecured 75.06 8.5 6.1 7 BB+ n.a. BB+ 1.256MMM GB USG5825AAC65 Y 1/29/2026 101.98

YTW / C (%) Log. (YTW / C (%))

9.0
MRFGBZ 6 5/8 08/06/29 MRFGBZ 3.95 01/29/31
8.0
MRFGBZ 7 05/14/26

7.0

6.0

5.0

4.0

3.0

2.0

1.0

0.0
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0

Petróleo Brasileiro Curve

Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Petroleo Brasileiro SA PETBRA 6 1/4 03/17/24 6.25 3/17/2024 Sr Unsecured 101.80 3.2 0.6 1 BB- Ba1 BB 559.315MM NL US71647NAM11 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 8 3/4 05/23/26 8.75 5/23/2026 Sr Unsecured 109.12 5.2 2.4 3 BB- Ba1 BB 386.934MM NL US71647NAQ25 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 6 7/8 01/20/40 6.875 1/20/2040 Sr Unsecured 99.00 7.0 9.7 16 BB- Ba1 BB 728.963MM NL US71645WAQ42 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 6 3/4 01/27/41 6.75 1/27/2041 Sr Unsecured 97.28 7.0 10.0 17 BB- Ba1 BB 728.307MM NL US71645WAS08 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 5 5/8 05/20/43 5.625 5/20/2043 Sr Unsecured 88.04 6.7 11.1 20 BB- Ba1 BB 366.352MM NL US71647NAA72 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 7 1/4 03/17/44 7.25 3/17/2044 Sr Unsecured 101.36 7.1 10.4 21 BB- Ba1 BB 923.708MM NL US71647NAK54 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 6.85 06/05/2115 6.85 6/5/2115 Sr Unsecured 89.05 7.7 12.8 92 BB- Ba1 BB 1.67MMM NL US71647NAN93 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 7 3/8 01/17/27 7.375 1/17/2027 Sr Unsecured 105.60 5.6 3.0 3 BB- Ba1 BB 710.066MM NL US71647NAS80 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 5.299 01/27/25 5.299 1/27/2025 Sr Unsecured 101.07 4.5 1.4 1 BB- Ba1 BB 624.56MM NL US71647NAV10 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 5.999 01/27/28 5.999 1/27/2028 Sr Unsecured 101.25 5.7 3.9 4 BB- Ba1 BB 1.134MMM NL US71647NAY58 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 5 3/4 02/01/29 5.75 2/1/2029 Sr Unsecured 99.61 5.8 4.6 6 BB- Ba1 BB 475.474MM NL US71647NAZ24 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 5.093 01/15/30 5.093 1/15/2030 Sr Unsecured 94.87 6.1 5.4 6 BB- Ba1 BB 616.34MM NL US71647NBE85 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 6.9 03/19/49 6.9 3/19/2049 Sr Unsecured 94.70 7.4 11.3 26 BB- Ba1 BB 757.255MM NL US71647NBD03 N n.a. n.a.
Petroleo Brasileiro SA PETBRA 5.6 01/03/31 5.6 1/3/2031 Sr Unsecured 96.96 6.1 5.9 7 BB- Ba1 BB 1.053MMM NL US71647NBH17 Y 10/3/2030 100.00
Petroleo Brasileiro SA PETBRA 6 3/4 06/03/50 6.75 6/3/2050 Sr Unsecured 92.85 7.4 11.7 27 BB- Ba1 BB 489.911MM NL US71647NBG34 Y 12/3/2049 100.00
Petroleo Brasileiro SA PETBRA 6 1/2 07/03/33 6.5 7/3/2033 Sr Unsecured 99.15 6.6 7.2 10 BB- Ba1 BB 1.25MMM NL US71647NBK46 Y 4/3/2033 100.00
Petroleo Brasileiro SA PETBRA 5 1/2 06/10/51 5.5 6/10/2051 Sr Unsecured 80.09 7.2 12.5 28 BB- Ba1 BB 722.771MM NL US71647NBJ72 Y 12/10/2050 100.00

YTW / C (%) Log. (YTW / C (%))

8.2 PETBRA 6.9 03/19/49

8.0 PETBRA 7 1/4 03/17/44 PETBRA 6.85 06/05/2115
7.8
7.6
PETBRA 6 7/8 01/20/40
7.4
7.2 PETBRA 5.999 01/27/28
7.0 PETBRA 5.6 01/03/31 PETBRA 5 1/2 06/10/51
PETBRA 5 3/4 02/01/29
6.8 PETBRA 6 3/4 06/03/50
6.6 PETBRA 6 1/2 07/03/33
6.4 PETBRA 7 3/8 01/17/27
PETBRA 8 3/4 05/23/26
6.2 PETBRA 6 3/4 01/27/41
PETBRA 5 5/8 05/20/43
6.0
5.8
5.6
PETBRA 5.299 01/27/25
5.4 PETBRA 5.093 01/15/30
5.2
5.0
4.8
4.6
4.4
4.2
PETBRA
4.0 6 1/4 03/17/24
3.8
3.6
3.4
3.2
3.0
2.8
2.6
2.4
2.2
2.0
1.8
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0

Source: Bloomberg
Este documento se encontra incompleto sem o Disclaimer encontrado ao final do formulario
 BRAZIL BONDS (USD) | Daily Indicative Pricing Run XP INVESTMENTS | XP INTERNATIONAL
701 Brickell Avenue | 21st Floor
Miami, FL
(786) 732-1110
08/03/23
Suzano Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Suzano SA SUZANO 5 3/4 07/14/26 5.75 7/14/2026 Sr Unsecured 101.85 5.1 2.7 3 BBB- n.a. BBB- 516.581MM BR USA9890AAA81 N n.a. n.a.
Suzano SA SUZANO 6 01/15/29 6 1/15/2029 Sr Unsecured 101.45 5.7 4.4 5 BBB- n.a. BBB- 1.748MMM BR US86964WAF95 Y 10/15/2028 100.00
Suzano SA SUZANO 5 01/15/30 5 1/15/2030 Sr Unsecured 95.65 5.8 5.4 6 BBB- n.a. BBB- 999.904MM BR US86964WAH51 Y 10/15/2029 100.00
Suzano SA SUZANO 7 03/16/47 7 3/16/2047 Sr Unsecured 103.12 6.7 11.3 24 BBB- n.a. BBB- 1.25MMM BR USA8372TAC20 Y 9/16/2046 100.00
Suzano SA SUZANO 3 3/4 01/15/31 3.75 1/15/2031 Sr Unsecured 86.85 6.0 6.3 7 BBB- n.a. BBB- 1.25MMM BR US86964WAJ18 Y 10/15/2030 100.00
Suzano SA SUZANO 3 1/8 01/15/32 3.125 1/15/2032 Sr Unsecured 81.67 5.9 7.1 8 BBB- n.a. BBB- 1MMM BR US86964WAK80 Y 10/15/2031 100.00
Suzano SA SUZANO 2 1/2 09/15/28 2.5 9/15/2028 Sr Unsecured 86.97 5.5 4.6 5 BBB- n.a. BBB- 500MM BR US86964WAL63 Y 7/15/2028 100.00

YTW / C (%) Log. (YTW / C (%))

8.0

SUZANO 5 01/15/30 SUZANO 7 03/16/47

7.0
SUZANO 6 01/15/29
6.0 SUZANO 3 1/8 01/15/32

5.0 SUZANO 3 3/4 01/15/31

SUZANO 2 1/2 09/15/28
SUZANO 5 3/4 07/14/26
4.0

3.0

2.0

1.0

0.0
0.0 2.0 4.0 6.0 8.0 10.0 12.0

Vale Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Vale SA VALEBZ 8 1/4 01/17/34 8.25 1/17/2034 Sr Unsecured 118.17 5.9 7.2 10 BBB- Baa3 BBB 641.337MM BR US91911TAE38 N n.a. n.a.
Vale SA VALEBZ 6 7/8 11/21/36 6.875 11/21/2036 Sr Unsecured 107.39 6.1 8.7 13 BBB- Baa3 BBB 1.335MMM BR US91911TAH68 N n.a. n.a.
Vale SA VALEBZ 6 7/8 11/10/39 6.875 11/10/2039 Sr Unsecured 107.36 6.2 9.8 16 BBB- Baa3 BBB 1.146MMM BR US91911TAK97 N n.a. n.a.
Vale SA VALEBZ 5 5/8 09/11/42 5.625 9/11/2042 Sr Unsecured 98.39 5.8 11.3 19 BBB- Baa3 BBB 491.245MM BR US91912EAA38 N n.a. n.a.
Vale SA VALEBZ 6 1/4 08/10/26 6.25 8/10/2026 Sr Unsecured 104.19 4.7 2.7 3 BBB- Baa3 BBB 470.342MM BR US91911TAP84 N n.a. n.a.
Vale SA VALEBZ 6 1/8 06/12/33 6.125 6/12/2033 Sr Unsecured 101.40 5.9 7.1 10 BBB- Baa3 BBB 1.5MMM BR US91911TAR41 Y 3/12/2033 100.00
Vale SA VALEBZ 3 3/4 07/08/30 3.75 7/8/2030 Sr Unsecured 90.30 5.5 5.9 7 BBB- Baa3 BBB 1.5MMM BR US91911TAQ67 Y 4/8/2030 100.00

10.0 YTW / C (%) Log. (YTW / C (%))

9.0

8.0

7.0
VALEBZ 6 7/8 11/10/39
VALEBZ 6 1/88 06/12/33
VALEBZ 1/4 01/17/34 VALEBZ 6 7/8 11/21/36
VALEBZ 3 3/4 07/08/30 VALEBZ 5 5/8 09/11/42
6.0

5.0

4.0

3.0

2.0
4.5 5.5 6.5 7.5 8.5 9.5 10.5 11.5 12.5

Votorantim Curve
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Votorantim Cimentos SA VOTORA 5 3/4 01/28/27 5.75 1/28/2027 Sr Unsecured 101.64 5.2 2.9 3 BBB- Baa3 BBB- 500MM CA USC86068AA80 Y 10/28/2026 100.00
Votorantim SA VOTORA 7 1/4 04/05/41 7.25 4/5/2041 Sr Unsecured 108.36 6.4 10.0 18 BBB- Baa3 BBB- 334.229MM LU USP98088AA83 N n.a. n.a.

7.0 YTW / C (%) Log. (YTW / C (%))

VOTORA 7 1/4 04/05/41

6.0

5.0
VOTORA 5 3/4 01/28/27
4.0

3.0

2.0

1.0

0.0
0.0 2.0 4.0 6.0 8.0 10.0 12.0

Source: Bloomberg
Este documento se encontra incompleto sem o Disclaimer encontrado ao final do formulario
 XP INVESTMENTS | XP INTERNATIONAL
BRAZIL BONDS (USD) | Daily Indicative Pricing Run 701 Brickell Avenue | 21st Floor
Miami, FL
(786) 732-1110
08/03/23
OTHER BONDS
Coupon Amount Country of
Name Security Maturity Seniority Last Price YTW / C (%) Duration Years to Maturity S&P Moody's Fitch Code Callable Call Date Call Price
(%) Outstanding Domicile
Vast Infraestrutura SA ACUPET 7 1/2 01/13/32 7.5 1/13/2032 Secured 91.34 9.6 4.2 8 BB Ba2 BB 588.972MM LU USL0R80QAA10 Y 1/13/2027 103.75
ADECOAGRO SA AGRO 6 09/21/27 6 9/21/2027 Sr Unsecured 97.20 6.8 3.5 4 BB Ba2 n.a. 500MM AR USL00849AA47 Y 9/4/2023 103.00
Amaggi Exportacao e Importacao AMAGGI 5 1/4 01/28/28 5.25 1/28/2028 Sr Unsecured 94.41 6.7 3.9 4 n.a. Ba3 BB 750MM LU USL0183BAA90 Y 1/28/2025 102.63
Arcos Dorados Holdings Inc ARCO 5 7/8 04/04/27 5.875 4/4/2027 Sr Unsecured 100.53 5.5 1.5 4 n.a. Ba2 BB+ 385.986MM UY USG0457FAC17 Y 9/4/2023 101.96
Atalaya Luxco Midco Sarl ATENTO 8 02/10/26 8 2/10/2026 1st lien #VALUE! #VALUE! #VALUE! 3 n.a. Caa1 CC 500MM LU USL0427PAD89 Y 2/10/2024 104.00
Azul SA AZUBBZ 5 7/8 10/26/24 5.875 10/26/2024 Sr Unsecured 94.52 10.8 1.1 1 CCC Caa2 CCC+ 105.785MM US USU0551UAA17 Y 9/5/2023 101.47
Azul SA AZUBBZ 7 1/4 06/15/26 7.25 6/15/2026 Sr Unsecured 83.69 14.4 2.4 3 CCC Caa2 CCC+ 31.748MM US USU0551UAB99 Y 6/15/2024 103.63
B3 SA - Brasil Bolsa Balcao BTHREE 4 1/8 09/20/31 4.125 9/20/2031 Sr Unsecured 87.19 6.2 6.6 8 n.a. Ba1 BB+ 700MM BR USP19118AA91 N n.a. n.a.
Americanas SA BTOWBZ 4 3/8 12/20/30 4.375 12/20/2030 Sr Unsecured 17.49 37.2 4.2 7 D WR C 500MM LU USL0527QAA15 Y 9/20/2030 100.00
Banco Bradesco SA BRADES 3.2 01/27/25 3.2 1/27/2025 Sr Unsecured 97.43 5.0 1.4 1 BB- Ba2 n.a. 800MM KY US05947LAZ13 N n.a. n.a.
Banco Bradesco SA BRADES 4 3/8 03/18/27 4.375 3/18/2027 Sr Unsecured 97.18 5.2 3.2 4 n.a. Ba2 BB+ 500MM KY US05947LBA52 N n.a. n.a.
Banco BTG Pactual SA BTGPBZ 7 3/4 02/15/29 7.75 2/15/2029 Subordinated 102.33 3.2 0.5 6 n.a. B1 B+ 600MM KY USP07790AE14 Y 2/15/2024 100.00
Banco BTG Pactual SA BTGPBZ 4 1/2 01/10/25 4.5 1/10/2025 Sr Unsecured 98.80 5.4 1.4 1 BB- Ba2 n.a. 1MMM KY US05971BAE92 Y 12/10/2024 100.00
Banco BTG Pactual SA BTGPBZ 2 3/4 01/11/26 2.75 1/11/2026 Sr Unsecured 93.27 5.8 2.3 2 n.a. Ba2 BB 500MM KY US05971BAG41 Y 12/11/2025 100.00
Banco Daycoval SA DAYCOV 4 1/4 12/13/24 4.25 12/13/2024 Sr Unsecured 98.98 5.0 1.3 1 n.a. Ba2 BB- 450MM BR XS2092941330 N n.a. n.a.
Banco Votorantim SA BANVOR 4 1/2 09/24/24 4.5 9/24/2024 Sr Unsecured 99.63 4.8 1.1 1 BB- Ba2 n.a. 450MM BR XS2055749720 N n.a. n.a.
Banco Votorantim SA BANVOR 4 3/8 07/29/25 4.375 7/29/2025 Sr Unsecured 98.01 5.5 1.9 2 BB- Ba2 n.a. 600MM BR XS2210789934 N n.a. n.a.
Centrais Eletricas Brasileiras ELEBRA 3 5/8 02/04/25 3.625 2/4/2025 Sr Unsecured 97.31 5.5 1.4 2 BB- n.a. BB- 500MM BR USP22835AA30 N n.a. n.a.
Centrais Eletricas Brasileiras ELEBRA 4 5/8 02/04/30 4.625 2/4/2030 Sr Unsecured 88.49 6.9 5.4 7 BB- n.a. BB- 750MM BR USP22835AB13 N n.a. n.a.
Cia Energetica de Minas Gerais CMIGBZ 9 1/4 12/05/24 9.25 12/5/2024 Sr Unsecured 102.45 1.7 0.3 1 BB- n.a. BB 756.11MM BR USP2205LAC92 Y 12/5/2023 100.00
Federative Republic of Brazil BNDES 4 3/4 05/09/24 4.75 5/9/2024 Sr Unsecured 100.84 3.6 0.7 1 BB- Ba2 n.a. 496.798MM BR US059614AP21 N n.a. n.a.
Suzano SA SUZANO 5 1/2 01/17/27 5.5 1/17/2027 Sr Unsecured 101.72 4.9 3.1 3 BBB- n.a. BBB- 700MM BR US31572UAF30 N n.a. n.a.
FS Agrisolutions Industria de FSBIOE 10 12/15/25 10 12/15/2025 Secured 105.04 7.6 2.1 2 n.a. Ba3 BB- 520.665MM LU USL40756AB19 Y 12/15/2023 105.00
Globo Comunicacao e Participac GLOPAR 4 7/8 01/22/30 4.875 1/22/2030 Sr Unsecured 86.06 7.6 5.3 6 BB+ Ba2 n.a. 500MM BR USP47777AB69 N n.a. n.a.
Globo Comunicacao e Participac GLOPAR 5 1/2 01/14/32 5.5 1/14/2032 Sr Unsecured 86.05 7.8 6.4 8 BB+ n.a. BB+ 400MM BR USP47777AC43 N n.a. n.a.
Gol Linhas Aereas Inteligentes GOLLBZ 7 01/31/25 7 1/31/2025 Sr Unsecured 63.47 42.8 1.2 1 CCC n.a. CCC 342.33MM LU USL4441RAA43 Y 9/4/2023 101.75
Gol Linhas Aereas Inteligentes GOLLBZ 8 3/4 PERP 8.75 n.a. Sr Unsecured 52.89 16.9 5.7 n.a. n.a. Caa3 CCC 138.614MM BR USG3980PAA33 Y 10/5/2023 100.00
GP Investments Ltd GPIXLX 10 PERP 10 n.a. 1st lien 90.69 11.2 8.8 n.a. NR n.a. WD 75MM BM XS0282340230 Y 10/23/2023 100.00
Hidrovias do Brasil SA HIDRVS 5.95 01/24/25 5.95 1/24/2025 Sr Unsecured 99.26 6.5 1.4 1 n.a. B1 BB- 173.479MM LU USL48008AA19 Y 9/4/2023 101.49
Hidrovias do Brasil SA HIDRVS 4.95 02/08/31 4.95 2/8/2031 Sr Unsecured 82.23 8.2 5.8 8 n.a. B1 BB- 398.204MM LU USL48008AB91 Y 2/8/2026 102.48
InterCement Participacoes SA INCMBZ 5 3/4 07/17/24 5.75 7/17/2024 Sr Unsecured 71.81 45.7 0.8 1 CC n.a. C 750MM NL USN20137AD23 Y 9/4/2023 100.00
IOCHPE-MAX IOCMXW 5 05/07/28 5 5/7/2028 Sr Unsecured 88.49 8.0 4.0 5 BB- Ba3 WD 400MM AT USA3R74HAA50 Y 5/7/2024 102.50
SIMPAR SA SIMHBZ 5.2 01/26/31 5.2 1/26/2031 Sr Unsecured 85.85 7.7 5.9 7 BB- n.a. BB 625MM LU USL8449RAA79 Y 1/26/2026 102.60
Light S/A LIGTBZ 4 3/8 06/18/26 4.375 6/18/2026 Sr Unsecured 47.13 33.8 2.3 3 n.a. WR C 600MM BR USP62763AB64 Y 6/18/2024 102.19
Americanas SA BTOWBZ 4 3/4 10/20/30 4.75 10/20/2030 Sr Unsecured 17.03 40.6 3.7 7 D WR C 500MM LU USL5788AAA99 Y 7/20/2030 100.00
MC BRAZIL DWNSTRM MCBRAC 7 1/4 06/30/31 7.25 6/30/2031 Secured 66.92 15.6 4.4 8 n.a. Ba3 B+ 1.739MMM LU USL626A6AA24 N n.a. n.a.
MercadoLibre Inc MELI 3 1/8 01/14/31 3.125 1/14/2031 Sr Unsecured 81.91 6.2 6.4 7 BB+ Ba1 BB+ 700MM UY US58733RAF91 Y 10/14/2030 100.00
MercadoLibre Inc MELI 2 3/8 01/14/26 2.375 1/14/2026 Sr Unsecured 93.45 5.3 2.3 2 BB+ Ba1 BB+ 400MM UY US58733RAE27 Y 12/14/2025 100.00
Minerva SA/Brazil BEEFBZ 5 7/8 01/19/28 5.875 1/19/2028 Sr Unsecured 94.95 7.2 3.8 4 BB n.a. BB 182.267MM LU USL6401PAH66 Y 9/4/2023 102.94
Minerva SA/Brazil BEEFBZ 4 3/8 03/18/31 4.375 3/18/2031 Sr Unsecured 83.04 7.3 6.1 8 BB n.a. BB 1.291MMM LU USL6401PAJ23 Y 3/18/2026 102.19
Movida Participacoes SA MOVIBZ 5 1/4 02/08/31 5.25 2/8/2031 Sr Unsecured 87.77 7.4 5.8 8 BB- n.a. BB 463.952MM LU USL65266AA36 Y 2/8/2026 102.63
Natura Cosmeticos SA NATURA 4 1/8 05/03/28 4.125 5/3/2028 Sr Unsecured 89.85 6.7 4.1 5 BB Ba2 BB 1MMM BR USP7088CAC03 Y 3/3/2028 100.00
Natura Cosmeticos SA NATURA 6 04/19/29 6 4/19/2029 Sr Unsecured 96.48 6.8 4.6 6 BB n.a. BB 600MM LU USL6S52VAA02 Y 2/19/2029 100.00
Nexa Resources SA NEXA 5 3/8 05/04/27 5.375 5/4/2027 Sr Unsecured 96.30 6.5 3.3 4 BB+ Ba2 BBB- 700MM BR USP98118AA38 Y 2/4/2027 100.00
Oi SA OIBRBZ 10 07/27/25 10 7/27/2025 Sr Unsecured 9.33 192.2 0.9 2 D n.a. C 1.654MMM BR USP7354PAA23 N n.a. n.a.
PRIO SA/Brazil PRIOBZ 6 1/8 06/09/26 6.125 6/9/2026 Secured 99.09 6.5 2.5 3 BB Ba3 BB- 600MM LU USL75833AA88 Y 6/9/2024 103.06
Raizen Energia SA RAIZBZ 5.3 01/20/27 5.3 1/20/2027 Sr Unsecured 100.07 5.3 3.1 3 NR Baa3 BBB 725MM LU USL7909CAA55 N n.a. n.a.
Rede D'Or Sao Luiz SA RDEDOR 4.95 01/17/28 4.95 1/17/2028 Sr Unsecured 94.70 6.3 3.9 4 BB n.a. BB+ 500MM LU USL7915RAA43 Y 10/17/2027 100.00
Rede D'Or Sao Luiz SA RDEDOR 4 1/2 01/22/30 4.5 1/22/2030 Sr Unsecured 88.71 6.7 5.4 6 BB n.a. BB+ 750.001MM LU USL7915TAA09 Y 10/22/2029 100.00
Rumo SA RAILBZ 5 1/4 01/10/28 5.25 1/10/2028 Sr Unsecured 96.30 6.2 3.9 4 BB- n.a. BB+ 500MM LU USL79090AC78 Y 1/10/2024 102.63
Rumo SA RAILBZ 4.2 01/18/32 4.2 1/18/2032 Sr Unsecured 82.64 7.0 6.8 8 n.a. Ba2 BB+ 500MM LU USL79090AD51 Y 1/18/2027 102.10
STONECO LTD STNE 3.95 06/16/28 3.95 6/16/2028 Sr Unsecured 81.68 8.6 4.2 5 BB- Ba2 n.a. 500MM BR USG85158AA43 Y 5/16/2028 100.00
Tupy SA TUPY 4 1/2 02/16/31 4.5 2/16/2031 Sr Unsecured 82.73 7.5 6.0 8 BB+ n.a. BB+ 375MM LU USL9326VAB29 Y 2/16/2026 102.25
Ultrapar Participacoes SA UGPABZ 5 1/4 10/06/26 5.25 10/6/2026 Sr Unsecured 98.92 5.6 2.8 3 BB+ Ba1 n.a. 435.674MM LU USL9412AAA53 N n.a. n.a.
Ultrapar Participacoes SA UGPABZ 5 1/4 06/06/29 5.25 6/6/2029 Sr Unsecured 95.58 6.2 4.9 6 BB+ Ba1 n.a. 364.333MM LU USL9412AAB37 N n.a. n.a.
Usinas Siderurgicas de Minas G USIM 5 7/8 07/18/26 5.875 7/18/2026 Sr Unsecured 98.96 6.3 2.7 3 n.a. Ba2 BB 750MM LU USL95806AA06 Y 9/5/2023 102.94
XP INC XP 3 1/4 07/01/26 3.25 7/1/2026 Sr Unsecured 91.40 6.6 2.7 3 n.a. Ba2 BB 750MM KY USG98239AA72 Y 6/1/2026 100.00
Source: Bloomberg
Disclaimer:

Este material foi preparado pela XP Investments US, LLC (d/b/a XP Private) membro SIPC / FINRA / NFA. A XP Private e suas afiliadas, controladoras, acionistas, diretores, executivos, funcionários e licenciadores não serão responsáveis (individualmente, em conjunto ou separadamente) por você ou por qualquer outra pessoa por
resultado de seu acesso, recepção ou uso das informações contidas nesta comunicação. Esta comunicação contém preços indicativos ou preços históricos, que não devem ser interpretados como cotações firmes de preço através dos quais os títulos podem ser comprados ou vendidos. Os investidores devem procurar consultoria
financeira independente sobre a adequação do investimento em qualquer título listado nesta comunicação, e os investidores devem observar que os valores de ativos podem flutuar e que o preço ou valor de mercado de cada título pode aumentar ou diminuir. Não há nenhuma afirmação específica ou garantia implícita em relação ao
desempenho futuro. Performance passada não garante retornos futuros. Investir em qualquer título envolve certos riscos, que incluem, mas não se limitam a, risco de mercado, risco de taxa de juros, risco de inflação e risco de evento. A XP Private se esforçou para verificar que as informações contidas neste documento não contenham
nenhuma declaração falsa de fato relevante; no entanto, a XP Private não verificou todos os fatos, números ou opiniões nesta comunicação para assegurar que as informações estejam corretas, ou tomou quaisquer providências para assegurar que os valores mobiliários ou instrumentos financeiros aqui referidos sejam adequados para
qualquer investidor em particular, e não será responsabilizada por quaisquer erros ou imprecisões nas informações apresentadas. Este documento (incluindo qualquer anexo) é confidencial, pode conter informações proprietárias ou privilegiadas e destina-se apenas ao(s) destinatário(s) nomeado(s).

Glossary:
Call Opção de recompra de títulos de crédito (bonds) pelo emissor em data e preço pré-determinados.
Classificação de Crédito Também conhecido como nota de risco, é uma classificação que avalia o risco de emissões de crédito de uma empresa ou governo.
Duration A sensibilidade do valor de um bond mediante às variações de taxa de juros no mercado.
Sharpe Ratio Índice que mede a relação entre o retorno em excesso da taxa livre de risco e a volatilidade de um ativo.
Volatilidade Medida de dispersão de retornos de um título ou índice de mercado, utilizado como uma medida de risco.
Yield Rendimento anualizado de um bond que não possui opção de recompra.
YTD (Year to Date) Retorno de um ativo ou índice de mercado no ano atual.
YTW (Yield to Worst) O menor rendimento anualizado esperado ao se investir em um bond com possibilidade de ser recomprado pelo emissor antes de seu vencimento.