Petrobrás’ $4.3 billion offering

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000Author: Felix Salmon Issuer: PetrobrásDeal: equity offeringAmount: $4.3 billionSole bookrunning manager: Merrill LynchCo-lead manager: ABN Amro RothschildSole lead manager of Brazilian tranche: CSFB Garantia On August 9, Brazil raised $4.3 billion from the sale of a 16.64% stake in state oil company […]

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000
Author: Felix Salmon

Issuer: PetrobrásDeal: equity offeringAmount: $4.3 billionSole bookrunning manager: Merrill LynchCo-lead manager: ABN Amro RothschildSole lead manager of Brazilian tranche: CSFB Garantia

On August 9, Brazil raised $4.3 billion from the sale of a 16.64% stake in state oil company Petrobrás. Not only was it the largest-ever equity offering from Latin America, it was also over twice the size of all the equity and equity-linked issues from Latin America in 1999.




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