Brazil's Petrobras extends debt maturities

By Kitco News / January 26, 2018 / www.kitco.com / Article Link

RIO DE JANEIRO, Jan 26 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA said on Friday it sold $2 billion in notes due in 2029 with a coupon of 5.75 percent a year from its subsidiary Petrobras Global Finance BV.

The company said investor income will be 5.95 percent per year, with payments starting Aug. 1, 2018. It cited the issue price of 98.402 percent of the principal amount.

Petrobras also announced on Friday that it had prepaid debt maturing in 2019 worth approximately $2.1 billion, excluding capitalized interest.


(Reporting by Marta Nogueira; Editing by Tom Brown)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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