Petrobras executes jumbo LM effort

Petrobras executes jumbo LM effort

Brazil Energy

Petrobras has prepaid $61.7bn in debt through through a multi-faceted liability management exercise, the state-run energy company said in a statement. Of the total amount, Brazilian Petrobras refinanced $48.6bn at rates that saved it about $1.6bn. Petrobras also lengthened the average term life on roughly $11.7bn in loans to 9.34 years this month from the 7.14-year figure recorded back in December 2015. The company refinanced a $750m 2022 loan from Scotiabank with a 2023 facility for the same

Already have an account?

Free trial

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

Free Trial