MercoPress. South Atlantic News Agency
Hedge fund targets 54bn dollars in Petrobras bonds governed by US law
Petrobras, Brazil's state-run oil company, could be declared in technical default on some of its foreign debt if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corruption scandal, according to reports from Reuters. Read full article
Comments
Disclaimer & comment rulesThe Brazil and Petrobras should not run the risk of a bad decision of a US court. The relations between these countries do not bear this shock.
Dec 31st, 2014 - 06:35 am - Link - Report abuse 0@ 1
Dec 31st, 2014 - 10:25 am - Link - Report abuse 0Please explain how this company GOT into this huge mess which threatens the entire well being of Brazil.
Lula no doubt is laughing all the way to the banks he has hidden his part of the pay-offs in.
Brazil is nowhere near being a modern country, more like a vassal state.
Good to see actions seeking to bring thesae crooks out into the open.
I think we are seeing the start of another Argentine fiasco here.
If you want to play by the civilized world's rules to get better rates you must play by the rules to get the good rates.
Dec 31st, 2014 - 11:30 am - Link - Report abuse 0Rut Ro
:)
It was not Lula, Cardoso was released that 5% stake in Petrobras through ADR on the NYSE in 1999.
Dec 31st, 2014 - 02:21 pm - Link - Report abuse 0We are pressing the government and Petrobras to rescue these shares as soon as possible. And close the capital on the New York Stock Exchange.
I do not think there will be big problems because those 5% of the capital, mostly belong to Brazilian institutional investors (Previ, Petros, FUNCEF, etc).
@1. Which US court would that be? I see no mention of a US court decision, judgement or order. The situation seems to depend on Petrobras doing what it is obliged to do by law. Do you have a problem with Petrobras doing what is obliged to do by law? What the hell, it's only US$54 billion. Chicken feed. What a pity that Petrobras doesn't release credible information. Leading to suggestions that its 'mega-field' discoveries are so much toffee. How many lies has Petrobras told? A civilised person would be looking for an official investigation, backed by a judicial enquiry and judges to give considered rulings and decisions. Why wouldn't YOU want that? In reality, Brazil, led by a terrorist, reckons that argieland and venezuela have the right idea. It reckons that it can do what it wants without any restrictions. You need to learn that you can't blame anyone else for your corruption, criminality and incompetence. Permanent member of the Security Council? Listen for the screams of protest from the people of the world!
Dec 31st, 2014 - 03:06 pm - Link - Report abuse 0@4. Rescue shares? Got US$54 billion you don't need? Plus all the dividends!
If it wasn't state controlled PetroBras would be bankrupt by now.
Dec 31st, 2014 - 03:34 pm - Link - Report abuse 0Its had a 48% decrease in share price yoy.
Id the bondholders pu them in default...they're doomed.
Correct. Petrobras does not break, but not so we'll slap the money.
Dec 31st, 2014 - 03:43 pm - Link - Report abuse 0We do not want cause disappointment or greed on our potential. Therefore, it is not possible for us to share statements or other information with countries that are not part of the BRICS or Unasul.
Sorry.
https://www.youtube.com/watch?v=5ya6xLPA6dE&list=FLmXPTu1f8AdGlizWNiASx2A&index=1
They all are as dense as BRICS
Dec 31st, 2014 - 03:57 pm - Link - Report abuse 0@ 7 Brasso
Dec 31st, 2014 - 04:00 pm - Link - Report abuse 0You are one dumb mutt if you believe that guff about not releasing data!
HOW are investors going to decide if it's worth investing in the Crime Capital Country of the world unless they get facts?
FACTS not lies you moron.
I saw your comments on the other post.
Dec 31st, 2014 - 04:36 pm - Link - Report abuse 0You guys are crazy, angry and poisonous.
But there's one thing. You will fuck yourself, because Brazil is not beside you!
We are on the road to Santiago de Compostela, to purify the years we spent next to people so dumb!
We are on the road to Santiago de Compostela, to purify the years we spent next to people so dumb!
Dec 31st, 2014 - 04:44 pm - Link - Report abuse 0Makes sense since you are next to Argentina.
I found some people who say otherwise. I'm fascinated!
Dec 31st, 2014 - 04:55 pm - Link - Report abuse 012. Probably, I am sure there are a lot of really dumb people that are walking with you.
Dec 31st, 2014 - 05:12 pm - Link - Report abuse 0Plus unless you're self flagellating the cleansing won't work so you better start now.
Although I have enough money to do what I want I preferred to return to the past that Paulo Coelho portrayed.
Dec 31st, 2014 - 05:21 pm - Link - Report abuse 0Do you can smell it?
Brassiere @10 and Brassiere @12 seem to be completely different operators.
Dec 31st, 2014 - 05:53 pm - Link - Report abuse 0@10 appears to be “ indoctrinated illiterate Brasso” and @12, along to the rescue is, “ asshole fluent-English Brasso”
Happy New Year, Boss!
Dec 31st, 2014 - 05:58 pm - Link - Report abuse 0Troy.....you read all the South American businesses banned for doing business with Petrobas for bribes? RG businesses also...not just bribes but money laundering as well.
Dec 31st, 2014 - 06:43 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/178453/petrobras-bans-techint
17 captain Poppy
Dec 31st, 2014 - 10:46 pm - Link - Report abuse 0Thx Capt.
Yep, no surprises
”Techint (Argentina-based) denied any wrongdoing in a press release earlier this month.“
Routine procedure, as opposed to ” we are investigating and those responsible will be prosecuted and fired”
Muito Obrigado, Brasileiro !
Jan 01st, 2015 - 01:50 am - Link - Report abuse 0Feliz Ano Novo igualmente.
@10, 14. Thanks for that. You're a nutjob. No-one needs Brazil next to it. What is it with you? Black magic? Devil worship? Religious fanaticsm? Sounds like ISIS to me. Perfect justification for elimination. By the way, the 'road” to Santiago de Compostela crosses the Straits of Gibraltar. Where Britain will eliminate nutjobs. Including the vampires!
Jan 01st, 2015 - 02:06 pm - Link - Report abuse 0Looks like PBR is taking a dive. I wonder when the SEC will start to look at the corruption?
Jan 02nd, 2015 - 05:06 pm - Link - Report abuse 0That may be the end of them as a public company.
Lots of very bad things happening all at the same time.
:)
It's abount to submerge under $7 for 21 in October.
Jan 02nd, 2015 - 06:06 pm - Link - Report abuse 0Brasshole....oh dear....what is happening here Brasshole.
I know....this is all part of Fat ass Dilma's plan right?
Ugh it looks like that Disgusting Dilma is begging for recognition from the USA.
Jan 02nd, 2015 - 10:51 pm - Link - Report abuse 0It must be really bad there if she's come a beggin.
Yuck.
@14
Jan 03rd, 2015 - 12:01 am - Link - Report abuse 0I'm getting the impression that it's more like Manoel Jacintho Coelho. ;)
http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsrpl58kjd.gif
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