Schahin bonds continue to tumble on more speculation

April 7, 2015 9:26 PM

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NEW YORK, April 7 (IFR) - Continued speculation about the financial viability of Brazil's Schahin Oil & Gas prompted another selloff Tuesday in the company's bonds due 2022.

The slump in the company's approximately US$651m outstanding 5.875% 2022s began on Monday following unconfirmed media reports that the issuer was expected to file for court protection in Brazil.

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