Brazil Equity Corporate & Sovereign Strategy

Petrobras’ $70 billion raise was the biggest equity sale ever, though some claim that since the true public market portion was "only" about $20 billion, it is merely the LatAm champ. There may have been less contentious follow-ons, like Banco do Brasil, or others performing better in the after market. Petrobras was great if you were the government, annoying if you were a minority shareholder. But few could question its significance during an election year for a country that is now firmly on the global investor map.  "The stakes had never been bigger, by a wide margin," says Gregg Nabhan, vice chair of global ECM at Bank of America Merrill Lynch (BAML). "This transcend

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