UPDATE 1-Petrobras selling benchmark dollar bond

May 17, 2016 12:26 PM

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NEW YORK, May 17 (IFR) - Brazil's Petrobras Global Finance is looking to sell a two-part US dollar benchmark bond on Tuesday, the first international issue from a Brazilian corporate since June last year.

Active bookrunners BB Securities, JP Morgan, Bank of America Merrill Lynch and Santander set initial price thoughts on a five-year at 9% area and 9.25% area on a 10-year, one of the banks leading the deal told IFR.

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