January 9, 2019 |
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.
Brazil's state oil company repurchases $1.1bn in bonds that expire between 2021 and 2043