Brazil has raised $3.8 billion in a sale of benchmark LTN bonds, The Wall Street Journal reports. The zero-coupon, fixed-rate notes will be due in 2012, 2013 and 2015 and were issued in an interest-rate range of 12.46% to 12.90%..

The government also sold $507.6 million in fixed-rate, coupon-bearing NTN-F bonds. These bonds will be due in 2017 and 2021and were sold in an interest rate range of 12.70% to 12.79%.

Click here for the story from The Wall Street Journal.