Petrobras Launches Huge Bond Sale

摘要

Brazil's state-controlled oil firm Petrobras launched an $11 billion international bond sale, sources said on Monday, in what may become the largest-ever bond offering by a Latin American company. The deal was split in six tranches comprised of fixed- and floating-rate debt, with maturities ranging from three to 30 years, sources told Reuters and IFR, a Thomson Reuters unit that covers the capital markets. Investors placed bids worth $50 billion for the debt, in a sign of strong appetite for high-rated emerging market companies, IFR said.