October 14, 2020 |
Brazil's state-owned oil company Petrobras added $1 billion to its 5.6% 2031 bonds on Tuesday, pricing the tap at 109.579 to yield 4.4% in a deal that 3.5 times oversubscribed, said a source involved in the deal.
Petrobras opened the deal with the initial price talk in the 4.6% area and put guidance at 4.45%, plus or minus five basis points, before launching at 4.4%, the source said.
The company said it reopened the 2031s to raise money for the buyback of up to $2 billion worth of notes that co
Brazil's state-owned oil company adds $1 bln above par and offers to repurchase up to $2 bln in outstanding notes