Investors eye value in EM corp HY as Brazilian FPSO offers Petbra pick-up

lazyllama - stock.adobe.com

EM bond buyers gave Guara Norte, a special purpose vehicle for Brazilian floating production storage and offloading (FPSO) unit Cidade de Ilhabela, a warm welcome on its first bond market outing as investors say that emerging market high yield corporates offer the best chance for outperformance.