Petrobras wraps up bond buyback

Petrobras wraps up bond buyback

Corporate & Sovereign Strategy Bonds Debt Fixed Income Debenture Capital Markets Brazil Oil Energy

Brazil's state-owned oil company Petrobras said Wednesday that it agreed to repurchase roughly $796 million worth of bonds that mature between 2024 and 2115. Petrobras accepted around $350 million in 12 series of bonds that mature from 2024 to 2034 and $446 million in eight series that come due between 2040 and 2115, the oil company said in a press release on Wednesday. Earlier this month, when Petrobras put up cash to buy back for up to $1.5 billion in outstanding bonds, it offered to pay as mu

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