Petrobras Seen Tapping Opportunistically

Petrobras Seen Tapping Opportunistically

Brazil Bonds M&A

Brazilian oil giant Petrobras is targeting $67.0bn-$91.4bn in financing needs through 2015 as part of a $224.7bn investment plan over the next four years, while also seeking to divest up to $13.6bn in assets. Capex will be covered partly through cash on hand and the rest through new debt rather than equity. And while many bankers have their doubts that the Brazilian oil giant will try its chances in the international bond markets again this year after selling a whopping $6bn in new 5, 10 and 30-

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