Petrobras Completes Diversification Play

Petrobras Completes Diversification Play

Brazil Europe Bonds

By pricing GBP700m ($1.1bn) 2026 bond Monday, Petrobras wrapped up its foray into the European market as it looks to expand its funding base and ease pressures on its core USD market. Bankers agree that the Brazilian oil company paid a premium to its dollar curve, but access to new pools of funding is seen as vital for a credit that needs to cover massive capex needs over the coming years, and the extra cost was probably worth the trouble, say some bankers. “You could say looking at comps i

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial