Brazil’s Petrobras Redeems US$1.08 Billion in Global Bonds Early
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4 Articles
Brazil’s Petrobras Redeems US$1.08 Billion in Global Bonds Early
Petrobras will redeem US.08 billion of 5.999% global bonds due 2028 ahead of schedule, christened two Buzios FPSOs with Seatrium and raised Braskem's credit line to R.35 billion (US56 million). The post Brazil’s Petrobras Redeems US$1.08 Billion in Global Bonds Early appeared first on The Rio Times.
The Brazilian state oil company Petrobas announced on Thursday that its subsidiary Petrobras Global Finance will pre-empt three bonds with an aggregate value of 1,081 million dollars (927.9 million euros). According to the press release, the instruments issued expired in 2028, but, finally, they will be settled by The Bank of New York Mellon on September 25. The bonds have a return of 5,999%. The amount of compensation, plus the interest earned,…
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