Petrobras sets terms on bond exchange
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.
Ba2/BB-/BB- rated Petrobras is targeting seven different dollar bonds — totalling nearly $20bn — that expire between May 2023 and February 2029, asking investors to exchange them for new January 2030s and cash.The shortest five of these notes can be exchanged half for cash and half ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com