Petrobras pulls in spreads on benchmark US dollar bond -lead
By Will Caiger-Smith
NEW YORK, May 17 (IFR) - Petrobras Global Finance has pulled in spreads on a benchmark US dollar bond, the first international deal from a Brazilian corporate in almost a year, one of the banks on the deal told IFR.
Guidance has been set at 8.75% area on the five-year and 9.125% area on the 10-year - tighter than the respective 9% area and 9.25% area initial price thoughts.
Active bookrunners BB Securities, JP Morgan, Bank of America Merrill Lynch and Santander are expected to price the bond on Tuesday.
(Reporting by Will Caiger-Smith; Editing by Natalie Harrison)
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