BLQD39 and BHYG39 help expand Brazilian investors’ access to U.S. Fixed Income securities

On Monday, March 14, two new ETF (Exchange Traded Fund) BDRs (Brazilian Depositary Receipts) issued by Banco B3, in partnership with BlackRock, will be made available for trading aiming the international diversification of investments for the Brazilian investors. These are the first BDRs backed by U.S. corporate bonds listed on B3 and comprise the iShares iBoxx Investment Grade Corporate Bond (BLQD39) and iShares iBoxx $ High Yield Corporate Bond (BHYG39).

The new BDRs include different investor profiles from conservative investors to those seeking high risk securities. The BLQD39 is comprised of corporate bonds securities known as Investment Grade Bonds. These bonds are considered to have a lower credit risk as they receive higher ratings from credit rating agencies.

BHYG39 is composed of corporate bonds securities known as High Yield Bonds. These are bonds that pay higher interest rates but have lower credit ratings resulting in higher risk.

ETFs have the advantage of diversifying your portfolio. With just one click, you can invest in a portfolio with several corporate securities, thus reducing the investment's credit risk and facilitating access to the U.S. corporate bonds.

Initially, these products are available to asset managers, pension funds and qualified individual investors, and has a tax rate of 15%.

Check out details of these products below:

Name		Benchmark Index	Trading session	Ticker	ISIN	Parity
iShares iBoxx $ Investment Grade Corporate Bond ETF		Markit iBoxx USD Liquid Investment Grade Index	BKR IBOX IGC	BLQD39	BRBLQDBDR004	1 : 10
iShares iBoxx $ High Yield Corporate Bond ETF		Markit iBoxx USD Liquid High Yield 0-5 Index	BKR IBOXX HY	BHYG39	BRBHYGBDR009	1 : 8

Learn more about Fixed Income ETF BDRs.

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