Petrobras arranges CRI deal

Petrobras arranges CRI deal

Corporate & Sovereign Strategy Fixed Income Brazil Capital Markets Energy

Brazilian state-run oil company Petrobras intends to issue up to BRL1.8 billion ($335 million) in real estate receivables certificates, known as CRIs, in the local market, according to prospectus published on Tuesday. The company said it will initially issue BRL1.5 billion in three series of CRIs and may sell an additional BRL300 million to meet demand. Petrobras expects to price 2030 CRIs at a fixed rate of 6.15% or at the same rate as NTN-B government bonds, whichever is higher. It also expect

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