Oil and Petrobras contagion put paid to JBS LM

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EM LatAm

Oil and Petrobras contagion put paid to JBS LM

Oliver West
December 09, 2014 06:15 am
David Luiz, Brazil
Brazil's David Luiz after the end of the Soccer World Cup 2014 1/2 Final match Brazil vs Germany at Mineiro Stadium, Belo Horizonte, Brazil on July 8, 2014. Germany won 7-1 . Photo by Henri Szwarc/ABACAPRESS.COM | Szwarc Henri/ABACA/Press Association Images

LatAm bond syndicate bankers said that the immediate future was bleak for Brazilian companies’ borrowing prospects after meatpacker JBS cancelled a planned new issue and tender offer blaming debt market conditions on Monday.

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Oliver West
US Bureau Chief - Latin America Editor
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