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

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Brownfield Output Decline Accelerates, says IEA

DOF Secures Moorings Hook-Up Job in Asia Pacific

Floating Offshore Wind Test Center Planned for Japan

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com