Petrobras outperforms in strong session for LatAm credits

April 1, 2015 9:13 PM

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NEW YORK, April 1 (IFR) - Latin American bonds ended Wednesday's session generally better bid, with Brazilian state-run oil company Petrobras outperforming after it announced a US$3.5bn financing deal with China Development Bank.

The rally, one of the strongest enjoyed by the Brazilian company of late, prompted several accounts to book profits, taking spreads off intra-day tights.

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