Petrobras wraps latest LM with $2bn buy-back

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Petrobras wraps latest LM with $2bn buy-back

Oliver West
October 21, 2020 05:45 AM
Petrobras, 575, LatAm, oil, quasi sovereign, Brazil
RIO DE JANEIRO, BRAZIL - OCTOBER 18, 2014: Petrobras petrol station in Rio de Janeiro. Petrobras is one of largest energy and oil companies in the world with 130 billion USD revenue in 2013. | MAREK SLUSARCZYK/Tupungato - stock.adobe.com

Brazilian oil company Petrobras will continue the rapid reduction of its debt burden after completing a tender offer under which it will spend $1.95bn on repurchasing existing bonds.

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Oliver West
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