Petrobras ups efforts to buy back expensive 2018s

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Petrobras ups efforts to buy back expensive 2018s

Oliver West
June 02, 2016 07:45 AM
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

Brazilian state owned oil company Petrobras has intensified its efforts to persuade holders of its 8.375% 2018s to part with their paper, increasing the price it is willing to pay for the notes from 107.875 to 110.

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Oliver West
US Bureau Chief - Latin America Editor
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