Petrobras targets euro, sterling notes in latest buy-back

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Petrobras targets euro, sterling notes in latest buy-back

Petrobras, building, Brazil, LatAm
Rio de Janeiro downtown | Celso Pupo/Celso Pupo - stock.adobe.com

Brazilian state-owned oil company Petrobras is to continue its deleveraging process by using cash to buy back up to $3bn of existing bonds, giving first priority to euro and sterling paper.

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