Scandal hammers Petrobras bonds but Rio prices oil bond
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Emerging MarketsEM LatAm

Scandal hammers Petrobras bonds but Rio prices oil bond

Brazil, impeachment, Petrobras

LatAm traders said that spreads on Brazilian state oil company Petrobras’ bonds hit historical wides versus US Treasuries on Friday after the issuer announced on Thursday evening that it would delay publication of its third quarter results due to a corruption scandal.

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