Brazil’s Petrobras bet big and won this week after printing a US$2.5bn Century bond – the largest-ever trade with this tenor and the oil company’s first bond sale since a corruption scandal locked it out of the capital markets last year.
Few thought the company, still reeling from a high-profile investigation into kick-backs, was prepared for a capital markets comeback, let alone a rare 100-year offering.
Brazil Energy Insight 
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