Petrobras has pushed out 2009 debt with 2 Brazilian banks until 2011. Brazil’s state-controlled oil producer has extended to 2011 export credit loans of BRL400m and BRL1.6bn taken out in April that were due April 2009. The loans pay DI plus 102%, according to a spokeswoman, who declines to state the new price, saying only that new rates are below 6%. Separately, Petrobras paid down a BRL2.0bn credit facility taken out with Caixa in October, and at the same time extended it by an additional BRL1.5bn through 2011. Petrobras wrapped up financing needs for 2008 last week, securing a JPY75bn ($750m) 10-year loan from Sumitomo Mitsui, Mizuho and Tokyo-Mitsubishi, with a guarantee from export credit agency NEXI.