Petrobras scandal blamed as Marfrig cancels LM

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Emerging Markets
EM LatAm

Petrobras scandal blamed as Marfrig cancels LM

Oliver West
November 20, 2014 05:45 AM
Petrobras, Paulo Roberto Costa
Paulo Roberto Costa, former director of the Brazilian Oil Company Petrobras, gives testimony before the Joint Parliamentary Committee of Inquiry of the Senate on Petrobras Curruption, at the National Congress in Brasilia, Brazil, Wednesday, Sept. 17, 2014. Costa, who had become an associate justice and is currently detained in prison stands accused of alleged money laundering, and recently revealed that Petrobras was allegedly involved in a scheme of bribes to various Brazilian politicians. (AP Photo/Eraldo Peres) | Eraldo Peres/AP/Press Association Images

Bankers working on meatpacker Marfrig’s liability management exercise, which was pulled on Wednesday, blamed the fallout from Petrobras’ corruption investigation for the cancellation as Brazilian corporate bond prices suffer.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

News contentLatAm BondsEmerging MarketsLatAm
OW
Oliver West
US Bureau Chief - Latin America Editor
Contact
Gift this article