Grupo BTG Pactual SA’s benchmark bond yields nearly doubled after the lender’s billionaire Chief Executive Officer Andre Esteves was arrested in a corruption probe on Wednesday.
Yields on the bank’s $1 billion in bonds due 2020, its most liquid dollar-denominated notes, surged 5.78 percentage points to 12.5 percent as of 2:51 p.m. in Sao Paulo on Wednesday, the highest since the notes were issued in January 2013, after news of the arrest. The notes slumped 17 cents to 73.24 cents on the dollar, a record low.
Brazil Energy Insight 
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