Petrobras 100 Year Bonds Turn Out To Be Not Such A Great InvestmentMark Melin
Petrobras trying to sell bonds with a 100 year trade time horizon might have seemed humorous at the time. The Brazilian state-run enterprise was mired in scandal and sharks, namely Bridgewater Associates, were starting to assess the systemic impact of the firm’s implosion upon the entire nation of Brazil. The most recent downgrade by S&P of the firms debt, making it the largest junk bond offerer in the . . .
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