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Emerging MarketsEM LatAm

PetroRio trades up after ‘home run’ at second attempt

Rio de Janeiro, Brazil, Copacabana, oil rig, ocean, LatAm, 575

Brazilian oil and gas company PetroRio accessed bond markets on Wednesday just eight months after it pulled an earlier deal, with observers crediting the company’s success to an improved credit profile, enhanced note structure, higher oil prices and better bond market conditions.

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