June 30, 2021
Brazilian oil and gas company 3R Petroleum said Monday that it could issue BRL1.6 billion ($324 million) in debentures in the local market to refinance debt and finance the acquisition of oil fields from state-owned oil company Petrobras.
Rio de Janeiro-based 3R has hired Itaú BBA, BTG Pactual and XP Investimentos to lead a possible deal, it said in a securities filing. The company will use its subsidiaries 3R Macau, 3R Rio Ventura, 3R Fazenda Belém, 3R Pescada and 3R Candeias as a guarantee for
Brazilian oil and gas company plans to raise $324 mln to buy oil fields from Petrobras