Brazil’s Petrobras launches global syndication of $1bn loan

Shruti Chaturvedi

April 07, 2017 06:30 am

Petrobras, Brazil, LatAm — In the last two months, Petrobras, a company controlled by the Brazilian Government, reduced the price of fuels in refineries. The reduced value of the fuel, however, did not reach consumers. Petrobras supplies the fuel to distributors and allows the free market to set selling prices to consumers. In this image, the fuel station in the Copacabana neighborhood sells premium gasoline at BRL 4,189 / liter. (Photo by Luiz Souza/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

Brazilian energy company Petrobras has kicked off global syndication for a $1bn facility, which it is borrowing through its overseas arm Petrobras Netherlands.

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Topics

Syndicated Loans Americas Brazil Asia Standard Chartered Loans and High Yield Asia Pacific LevFin Leveraged Loans Emerging Market Loans LatAm Loans LevFin Leveraged Loans Emerging Markets LatAm Latin America

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Shruti Chaturvedi