Petrobras signs Chinese loan

Petrobras signs Chinese loan

Bonds Structured Finance Brazil Loans

Brazil's Petrobras said it has reached a 10-year $5bn financing agreement with the China Development Bank (CDB).The loan is part of a $10bn term sheet that Petrobras signed with the CDB in February, the state-owned energy company said in a statement.Petrobras also said it agreed to sell 100,000 barrels of oil per day for 10 years to China National United Oil Corporation, China Zhenhua Oil and Chemchina Petrochemical Co.The energy firm also said its subsidiary Petrobras Biocombustivel s

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