March 13, 2019 |
Brazil's Petrobras booked its return to the dollar debt market, earning $3bn from the sale of new 30-year notes and a retap of its 5.75% 2029s to raise money for a bond buyback, LatinFinance has heard.
The bookrunners BNP Paribas, Bradesco, Citi, Goldman Sachs, HSBC and Santander priced $2.25bn new notes at 6.9%, down from the initial price talk in the low-7% range, and added $750m to the 2029s at 5.95%, 10bp below the initial price thoughts of 6.05%.
ABN Amro, BBVA and Commerzbank also worked o
Brazil's state-owned energy company sells new 30-year notes and reopens its 5.75% 2029s to raise money to buy back up to $3.2bn in outstanding bonds