Petrobras pushes on price to reopen Brazil

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 pushes on price to reopen Brazil

Oliver West
May 28, 2020 04:00 AM
Petrobras, 575, LatAm, oil, quasi sovereign, Brazil
(200310) -- SAO PAULO, March 10, 2020 (Xinhua) -- A woman passes by a Petrobras gas station in Sao Paulo, Brazil, March 9, 2020. Plummeting oil prices amid the potential fallout from a coronavirus pandemic impacted stock markets on Monday, including Sao Paulo's, which opened with a 10-percent drop. The steep fall triggered a so-called circuit breaker, a measure that suspended operations for half an hour. (Photo by Rahel Patrasso/Xinhua) | unreguser/Xinhua News Agency/PA Images

Investors and bankers said that Petrobras had achieved exceptionally tight pricing on Wednesday as the oil and gas giant became the first Brazilian issuer to tap international bond markets in times of coronavirus amid a strong rally in corporate paper from the country.

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

CoronavirusAmericasLatAm BondsEmerging MarketsBrazilLatAmLatin America
OW
Oliver West
US Bureau Chief - Latin America Editor
Contact
Gift this article