October 21, 2020
Brazil's state-owned oil company Petrobras said Tuesday that it agreed to repurchase $1.95 billion in outstanding bonds as part of a buyback offer that expired on October 19.
The company added $1 billion to its 5.6% 2031 bonds last week to raise money for the buyback of notes that mature between 2023 and 2029. It agreed to repurchase all the notes that bondholders tendered by the deadline, except for $553 million in 5.093% 2030 notes, Petrobras said in a statement.
Petrobras added that it expect
Brazil's state-owned oil company agrees to repurchase $1.95 bln in bonds that mature between 2023 and 2029