Brazilian debenture issuance hits lowest H1 volume since 2023 credit market shock

Anbima reports that H1 2026 debenture issuance totaled R$ 169.8 billion, a decline from the R$ 193.1 billion recorded in the same period of 2025. This contraction reflects ongoing caution in the private credit market following the 2023 Americanas fraud scandal, signaling potential constraints on corporate financing liquidity.