Window opens for Brazil’s first corporate bonds of year

NEW YORK, May 16 (IFR) – The Senate’s decision to put former president Dilma Rousseff on trial last week and replace her with market friendly Michel Temer has opened a bond issuance window for Brazilian borrowers seeking to take advantage of recent spread tightening.

Petrobras is on the top of the list of possible issuers following local reports that the state-owned oil company, at the center of a widening corruption scandal, could soon announce a multi-billion dollar trade designed to extend maturities.

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