Petrobras trades softly on break with Lat Am to stay quiet
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Emerging MarketsEM LatAm

Petrobras trades softly on break with Lat Am to stay quiet

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

State-owned oil and gas giant Petrobras finally brought some bond supply from Brazil on Wednesday but, as the new issue traded down on the break, bankers said few Latin American issuers were likely to be persuaded of the benefits of tapping international markets in the short term.

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