Petrobras Bonds Tell You a Lot About the State of Markets

Petrobras Bonds Tell You a Lot About the State of Markets

Those century bonds sold by Petrobras have plenty to say

June 2, 2015 — 11:32 AM BRT

The Petrobras Building.Photographer: Rich Press/Bloomberg

Petrobras, the scandal-ridden, junk-rated, state-controlled Brazilian oil producer, surprised markets to sell $2.5bn worth of bonds with a 100-year maturity on Monday.

Here’s what  the unusual debt sale can tell us about markets.

http://www.bloomberg.com/news/articles/2015-06-02/these-new-petrobras-bonds-tell-you-a-lot-about-the-state-of-markets