Petrobras bondholders pile into tender

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Petrobras bondholders pile into tender

Michel Temer, Brazil, Petrobras, LatAm
Brazil's President Michel Temer speaks as he attends the National Car Dealers Federation (Fenabrave) fair in Sao Paulo, Brazil August 8, 2017. REUTERS/Paulo Whitaker | PAULO WHITAKER/Reuters/PA Images

Investors owning some $12.836bn-equivalent of Petrobras dollar and euro bonds offered to sell their notes in a tender offer before Tuesday's early bird deadline — more than three times the $4bn limit that the Brazilian oil company had set for the buy-back.

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