Petro Rio debut to test Lat Am risk appetite

Rio de Janeiro, Brazil, Copacabana, oil rig, ocean, LatAm, 575
By Oliver West
10 Sep 2020

Brazil’s largest independent oil and gas company, Petro Rio, will begin investor calls on Thursday ahead of a proposed debut bond issue that bankers say will test the strength of the market like no other Latin American issuer this month.

A flurry of mandate announcements has left the Lat Am primary market gearing up for a busy September. At B2/B+ and with no track record in bond markets, Petro Rio — which has mandated Credit Suisse, Citi and Santander as global coordinators on its inaugural ...

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