Samarco bondholders are betting Luis Inacio Adams’s last hurrah as Brazil’s attorney general will be brokering a deal that allows the miner to emerge from the nation’s worst-ever environmental disaster.
Bonds of the iron-ore venture owned by BHP Billiton Ltd. and Vale SA snapped a losing streak after Adams said authorities had reached an agreement with the companies on a model for paying compensation over a deadly dam failure last year.
