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Emerging MarketsEM LatAm

Petrobras notches negative concession as Brazil oil names hit sweet spot

Petrobras, 575, LatAm, oil, quasi sovereign, Brazil

Brazilian government-owned oil and gas giant Petrobras took advantage of a buoyant market on Wednesday to clean up the long end of its curve, shrugging off political concerns with a new 30 year bond that came well inside fair value and left no doubt about the quality of funding conditions for Latin American issuers.

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