Petrobras's record-breaking $6 billion three-tranche deal in
January 2011 proved to be the splashiest of quasi-sovereign
trades in 2011 when it became the largest-ever corporate
issuance from a Brazilian company.
QUASI-SOVEREIGN BOND - Breaking Records
Petrobras’s $6bn Three-Tranche Offering
Large and multi-faceted trades that come once a year are now
part of the oil company's strategy in the US dollar market as
it tries to balance its enormous financing needs while
satisfying investor demands in its core market.
"This was an important transaction for Petrobras," says the
company's CFO Almir Barbassa. "We used the same strategy in the
euro and sterling markets."
Among non-sovereign issuers, the $6 billion size
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.