Economics
Petrobras Bondholders Gain as Shareholders Lose: Brazil Credit
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Bonds issued by Petroleo Brasileiro SA are outperforming Brazilian corporate and government securities on speculation last month’s record $70 billion stock offering will allow the company to limit its debt sales.
The state-run oil producer’s dollar bonds due in 2019 returned 2.9 percent since the Sept. 23 share sale, topping the