Petrobras bond plans divide market

Petrobras bond plans divide market

Brazil Bonds

Petrobras’ plan to issue asset-backed securities amid an unfolding corruption scandal that has pushed down its stock price received a lukewarm welcome by some market sources spoken to by LatinFinance on Thursday. The Brazilian government said the oil company planned to issue securities backed by the national treasury and state-run electricity company Eletrobras before the end of the year, local media reported. Central government backing could support demand for a bond, yet questions remained abo

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