Bondholders pile into Petrobras tender

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Bondholders pile into Petrobras tender

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A petrol station of Petrobas is seen in Rio de Janeiro, Brazil, 14 August 2016. Photo: Soeren Stache/dpa | Soeren Stache/DPA/PA Images

Brazilian state oil giant Petrobras will buy back $4bn of bonds as part of a tender offer after nearly twice as many bondholders offered to sell their notes.

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