Petobras Suppliers Securitize Contracts

Petobras Suppliers Securitize Contracts

Brazil

Several Petrobras suppliers are preparing to securitize service and supply contracts with Petrobras, according to regulatory documents. The 4-year, BRL237m transaction will seek to securitize the service and supply contracts from engineers, equipment providers and others working with the state-controlled oil producer as it explores pre-salt reserves in the decade ahead. The FIDC’s units are expected to return 125% of the DI benchmark, with the exact price to be set at a later date. In a ratings

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