Petrobras continues debt reduction with $2bn buy-back

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Petrobras continues debt reduction with $2bn buy-back

Petrobras, 575, LatAm, oil, quasi sovereign, Brazil
(200310) -- SAO PAULO, March 10, 2020 (Xinhua) -- A woman passes by a Petrobras gas station in Sao Paulo, Brazil, March 9, 2020. Plummeting oil prices amid the potential fallout from a coronavirus pandemic impacted stock markets on Monday, including Sao Paulo's, which opened with a 10-percent drop. The steep fall triggered a so-called circuit breaker, a measure that suspended operations for half an hour. (Photo by Rahel Patrasso/Xinhua) | unreguser/Xinhua News Agency/PA Images

Brazilian oil company Petrobras this week announced it will spend $1.95bn on repurchasing existing bonds via a tender offer, as the rapid pace of its reduction continues.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article