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Petrobras concludes $1.4 bln bond buyback

 

 

By Reuters

SAO PAULO
Petroleumworld 05 07
2018

Brazilian state-run oil company Petroleo Brasileiro SA concluded on Thursday a buyback announced earlier in the week of about $1.4 billion of 2020 bonds, the company said in a securities filing on Friday.

On Wednesday Petrobras, as the company is commonly known, said it would buy back just over $1 billion of global notes with a 5.75 percent coupon at the price of $1,065.63 a unit, and just under $400 million of global notes with a 4.875 percent coupon at a price of $1,045.55 per unit.

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Reporting by Gram Slattery Editing by Chizu Nomiyama from Reuters.

reuters.com /
05 04 2018

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