Petrobras Selling $803 Mln in Local Debt

Tuesday, January 8, 2019

Petroleo Brasileiro SA is selling up to three series of local unsecured bonds to raise 3 billion reais ($803 million), the Brazilian state-run oil firm said in a securities filing on Tuesday.

The debt will mature in 7 to 10 years, depending on the series, according to a preliminary prospectus related to the offering. Proceeds will be used to explore oilfields in the so-called "transfer-of-rights area".


($1 = 3.7351 reais)

(Reporting by Ana Mano; editing by Jason Neely)

Categories: Finance Energy Industry News South America

Related Stories

Seaway7 Extends Rotterdam Port Deal with Rhenus Port Logistics

Leaky Platforms: Pemex Knocked for Delayed Repairs, "Vast" Methane Leaks

Atlanta FPSO Sets Sail for Brazil

Current News

First Gas Export to Denmark from Tyra II Expected Today

Vattenfall to Take Part in IJmuiden Ver Offshore Wind Tender in Netherlands

Beach Energy to Let Go 30% of Workforce Amid Strategic Review

Ocean Infinity Inks Deal with Shell for Subsea Data Capture Services

Subscribe for OE Digital E‑News