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Barbosa, CVRD: “We are a reference point for other companies. We issue at our own risk, not Brazil’s” |
“One thing is beginning to frustrate me: hybrids,” Barbosa eventually says. “I can’t count the number of meetings I have had recently discussing this same idea. I think that sometimes they just want to get a deal, or come here just for the sake of coming. I would say we are now extremely well educated about hybrids.” Barbosa’s tone is light-hearted but he’s not the only person in his position in Latin America who feels that the banks might well be over-pitching hybrids in their quest to extract juicy fees.
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