Petrobras sets terms on bond exchange

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Petrobras sets terms on bond exchange

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A petrol station of Petrobas is seen in Rio de Janeiro, Brazil, 14 August 2016. Photo: Soeren Stache/dpa | Soeren Stache/DPA/PA Images

Brazilian oil giant Petrobras will continue to push out its debt maturities and reduce its outstanding stock of bonds with an exchange and tender offer that includes retiring existing notes using cash.

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