Petrobras recovers significant investment risk and trims debt burden

Wednesday, September 20th 2017 - 22:26 UTC

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Petrobras raised US$2 billion from the sale of seven- and 10-year securities, replacing more expensive shorter-dated bonds as it seeks to trim a debt burden that is the largest among major oil firms. Petrobras sold US$1 billion each worth of senior unsecured bonds due in 2025 and 2028, respectively. Market experts said Petrobras sold the January 2025 bond at a yield of 5.3%, and the January 2028 bond at 6%. Read full article

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That's just great! So which of the politicians are expected to fatten their wallets?
Sep 23rd, 2017 - 04:27 pm - Link - Report abuse 0
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