Petrobras eyes deleveraging but Brazilians heard prepping deals

Brazilian government-owned oil company Petrobras has said it is looking to deleverage as part of its new five year business plan. But it will still be a regular borrower in capital markets. Furthermore, though some Latin American debt capital markets bankers say their January pipeline is looking bearer than it usually does at this stage of the year, Brazilian public sector issuers could be the one active area of the market.

  • By Oliver West
  • 06 Dec 2018

Part of its so-called 2040 strategic plan, Petrobras’ new 2019-2023 business and management plan announced on Wednesday includes debt reduction and no new net borrowings. But bond bankers still welcomed the news.

“It’s exceedingly pleasing to see Petrobras launch a new five year plan because it has been a ...

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