May 28, 2020
Brazilian oil field operator 3R Petroleum has raised BRL708 million ($134 million) by issuing dollar-linked debentures in the local market, according to the capital markets association Anbima.
The five-year notes priced at a fixed rate of 15% per year in a deal arranged by BTG Pactual, according to Anbima.
3R agreed to spend $191 million in August last year to buy seven onshore and offshore oil fields in the Macau cluster of the Potiguar Basin in the northeastern state of Rio Grande do Norte. 3R
Oil field operator issues $134 mln in dollar-linked notes to fund an acquisition from Petrobras