Petrobras hits remarkable century

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Petrobras hits remarkable century

Brazil, impeachment, Petrobras
Demonstrators take part in a protest march demanding the impeachment of Brazil's President Dilma Rousseff, recently re-elected, over an alleged scheme of corruption that siphoned money from the state-owned oil company Petrobras, in Sao Paulo, Brazil, Saturday, Nov. 15, 2014. Federal police on Friday sharply expanded what is becoming Brazil's biggest political kickback scandal, arresting top construction company executives and detaining another former director of the state-run energy company Petrobras. (AP Photo/Andre Penner) | Andre Penner/AP/Press Association Images

No one saw this one coming. Petrobras, whose bonds just two months ago were trading at almost distressed levels, joined an elite club of century bond issuers on Monday, and attracted $13bn of orders in the process.

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