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July 3rd, 2009 - Yesterday, Petrobras (PBR), the state-run oil giant, sold US$1.25 billion of reopened global 2019 bonds carrying 7.875% coupon, at 6.875% current yield. Although this is lower than the 8.125% yield on US$1.5 billion of the same bonds in February, it is still 332 basis points over U.S. Treasury yield.
Currently, the amount ...
Author: Zacks Investment Research
Author: Zacks Investment Research
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