Petrobras Sale Sets Records
Petrobras continues to set new DCM records, raising $11bn in the 2013 edition of what has become an annual bond sale extravaganza. Monday’s deal, expected following a Brazil sovereign retap last week, easily surpasses a $7.5bn PdVSA sale done in 2007 to become LatAm’s largest-ever transaction, according to Dealogic. It is also said to be the biggest-ever single bond sale in EM, and the second-biggest in the world...
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