Petrobras wraps up buyback

Petrobras wraps up buyback

Bonds Debt Capital Markets Corporate & Sovereign Strategy Energy M&A Brazil

Brazil's Petrobras said investors have tendered $1.21bn in bonds as part of a buyback of notes that expire between 2021 and 2043. Bondholders offered to sell $1.06bn from four series of notes and $147m from another four series, Petrobras said in a statement. The company had $7.39bn in outstanding bonds in the first group and and $1.98bn in the second group before the buyback. Petrobras agreed to buy back $966m from the first group, with $108m in 5.375% 2021s, $338m in 8.375% 2021s, $226m in 6.12

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