Petrobras looks to lift suspension on local debt sale

Petrobras looks to lift suspension on local debt sale

Debenture Regulation Debt Capital Markets Fixed Income Asset Management Energy Gas Brazil

Brazil's Petrobras said in a securities filing late last week that it is "taking reasonable steps" to work with securities regulators to lift the suspension on issuing BRL3bn ($720m) in debentures it planned for sale in the local market. The state-owned oil company announced last month that it had hired four bookrunners — Santander, Bradesco BBI, Itaú BBA and XP Investimentos — to arrange the three-part sale with 10- and 15-year notes at a fixed rate and seven-year notes based on the DI interban

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