3R Petroleum raises debt in Brazil

3R Petroleum raises debt in Brazil

Debenture Capital Markets Debt Fixed Income Energy M&A Funds Brazil

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial