Petrobras blow-out indicates 30 year demand

By Oliver West
14 Mar 2019

More Latin American issuers could look for 30 year debt in international markets, said DCM bankers after Petrobras sold its first new note at that point of the curve since 2014.

Ba2/BB-/BB- rated Petrobras jolted Lat Am bond markets back into action on Tuesday as it announced initial price thoughts of 6.05% to reopen its 5.75% 2029s and low 7% area for a new 30 year bond. The company was looking to fund a tender offer for up to ...

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