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Emerging Markets

Petrobras: the book breakdown

Of the $43bn of total demand that Petrobras attracted for its $11bn bond, as expected the $3.5bn 10 year tranche attracted the largest book, of $13.6bn. In an interesting contrast with Apple’s $17bn deal a fortnight ago, demand for the 30 year tranche was also strong – more than four times greater than the $1.75bn size at $7.5bn.

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