Petrobras Woes Giving These Bond Speculators a Windfall
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(Bloomberg) -- Petroleo Brasileiro SA’s woes are turning
into a windfall for one group of bond investors.
Facing billions of dollars in writedowns and all but shut
out of overseas debt markets because of a widening kickback
investigation, Brazil’s state oil producer said this month it
will sell $13.7 billion in assets. That’s bolstering speculation
its assets in Argentina will be among those that newly installed
Chief Executive Officer Aldemir Bendine will jettison. Petrobras
looked to Read more [...]