Petrobras Preps Bond Revival

Petrobras Preps Bond Revival


Petrobras is on the road in the US and Europe to patch up relations with the buyside following a controversial pullback from the market last month. CFO Almir Barbassa was in New York yesterday and Boston on Monday to meet investors and talk about financing plans, which include placing $1bn-$2bn in the US market this year, according to one sellsider who met with the executive. In February, Petrobras yanked a $500m retap of 6.125% 2016 notes. One investor says the plan is to try a new deal at that

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