PetroRio plans first debenture sale

PetroRio plans first debenture sale

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

Brazilian oil and gas company PetroRio said it plans to raise BRL2 billion ($364 million) in its first sale of debentures in the local market, according to a securities filing. The Rio de Janeiro-based firm will issue the debentures with a guarantee from subsidiary PetroRio Jaguar Petróleo and use the proceeds to refinance debt and add to working capital, it said in the filing on Wednesday. PetroRio agreed in late April to pay as much as $2.2 billion to buy 90% of the Albacora Leste deep-water o

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