Petrobras Reported Eyeing Jumbo Debt

Petrobras Reported Eyeing Jumbo Debt

People Corporate & Sovereign Strategy Brazil Equity

Petrobras plans to raise $60bn from the debt markets in the next 5 years, according to local press and wire reports citing CEO Jose Sergio Gabrielli. Fresh off of a $70bn equity raise last month, the state-run oil producer will now turn to debt markets as it looks to fund an investment plan of more than $220bn. Petrobras does not foresee additional equity, Gabrielli is reported as saying. The company's borrowing needs, and the effect they might have on its credit ratings, have been among the fac

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