by bondevalue | Apr 9, 2021 | High Yield Bonds
Brazil’s state-run oil company Petroleo Brasileiro SA (Petrobras) is requesting the Mines and Energy Ministry for clarifications on President Bolsonaro’s remarks that the recent 39% spike in natural gas prices is “unacceptable”. Bolsonaaro further added that while he...
by bondevalue | Apr 1, 2021 | High Yield Bonds
Brazil state-owned oil company Petrobras is looking to buyback $3.5bn worth of bonds with maturities across 2024s to 2050s. The 12 series of bonds include its 6.25% 2024s, 5.093% 2030s, 5.625% 2043s and 6.75% 2050s. At the top of the list, Petrobras placed the 2030s...
by bondevalue | Mar 9, 2021 | High Yield Bonds
Brazil’s state-owned oil company Petrobras announced that the government has nominated six candidates as potential new members to the board of directors, which will go on vote at the next general meeting. The Ministry of Mines and Energy has nominated five of the...
by bondevalue | Feb 23, 2021 | High Yield Bonds, Sovereign Bonds
Brazilian assets sold-off across the board after President Bolsonaro ousted Petrobras’ CEO Roberto Castello Branco. Market participants worry that this would lead to the government now meddling with policies. The Bovespa Index was down 4.9%, the most since April 2020...
by bondevalue | Feb 22, 2021 | High Yield Bonds
Brazilian oil producer Petrobras’s stock and bonds slumped after President Jair Bolsonaro abruptly announced plans to replace Petrobras’ CEO Roberto Castello Branco with Joaquim Silva e Luna, following recent protests over fuel prices. Petrobras has a policy to...
