Saturday, 31 July 2010
Brasilia: Petroleo Brasileiro's benchmark dollar bonds posted the biggest weekly decline in almost two months on speculation the Brazilian state-run oil producer will be forced to increase debt financing after delaying a planned share sale. Yields on Petrobras's 5.75 per cent dollar bonds due in 2020 rose 27 basis points, or 0.27 percentage point, to 5.74 per cent, the biggest weekly increase in seven weeks, according to data compiled by Bloomberg. The...
Full Story: Gulf News
 


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