Petrobras pushes on price as bond market rewards results

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Petrobras pushes on price as bond market rewards results

Oliver West
May 16, 2017 11:45 am
Petrobras, Brazil, LatAm
In the last two months, Petrobras, a company controlled by the Brazilian Government, reduced the price of fuels in refineries. The reduced value of the fuel, however, did not reach consumers. Petrobras supplies the fuel to distributors and allows the free market to set selling prices to consumers. In this image, the fuel station in the Copacabana neighborhood sells premium gasoline at BRL 4,189 / liter. (Photo by Luiz Souza/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

Bond investors in Latin America appear happier to be stretched by tight pricing than hairy credit quality after Brazilian state oil giant Petrobras pulled off an exceptionally tight bond return on Monday.

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AmericasLatAm BondsEmerging MarketsBrazilLatAmLatin America
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Oliver West
US Bureau Chief - Latin America Editor
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