Petrobras completes record bond offering and collects 11 billion dollars

Tuesday, May 14th 2013 - 06:36 UTC

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Brazil’s state-controlled oil firm Petrobras sold 11 billion dollars of global debt on Monday in the largest-ever bond offering by a Latin American company. The deal was split in six tranches comprised of fixed- and floating-rate debt with maturities ranging from three to 30 years, according to a report from Thomson Reuters. Read full article

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ChrisR
Excellent performance by Petrobras, let's hope Dilma resists the urge to 'subsidise' the economy by freezing fuel prices way off into the wild blue yonder thus restricting earnings for Petrobras or even putting it into a loss making position.

It's hard enough to operate a business with falling revenues AND take on an excellent investment programme such as this without having your hands tied behind your back by your own owner.
May 14th, 2013 - 06:49 pm - Link - Report abuse 0
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Chicureo
I don't understand why YPF doesn't do the same with a bond offering .
...what would keep international investors why of investing?
China you say? Perhaps, but I pity whomever defaults against them....
May 15th, 2013 - 01:10 am - Link - Report abuse 0
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