The central bank of Brazil has raised $848.2 million through an offering of reverse swap contracts, The Wall Street Journal reports. The bank offered 20,000 contracts with three different maturities, two being due in 2011 and one in 2012. The Brazilian central bank sold 86.2% of the offered contracts. Previously, the bank had sold about $1.48 billion in a reverse swap auction on Feb. 18, 2011.

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