Petrobras targets euro, sterling notes in latest buy-back
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Emerging MarketsEM LatAm

Petrobras targets euro, sterling notes in latest buy-back

Petrobras, building, Brazil, LatAm

Brazilian state-owned oil company Petrobras is to continue its deleveraging process by using cash to buy back up to $3bn of existing bonds, giving first priority to euro and sterling paper.

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