Global Investor: Petrobras Raises $1.5 Billion in 30-Year Bonds

Wholly-owned subsidiary Petrobras Global Finance banks issue focused on debt exchange

A Selic it didn’t even reach the 4.25% flagged 45 days ago by the Monetary Policy Committee (Copom) for the meeting that takes place next week, a temptation for those seeking greater return on capital, but foreign investors demonstrate that the appetite for Brazilian assets is maintained. This is what demonstrates the position of foreigners in the secondary stock market of the B3, which reaches R$ 40 billion in the year, and the result of the funding of the Petrobras confirmed this Friday.

The state-owned company completed the issuance of US$1.5 billion in bonds on the international market, with a 30-year term, and at the lowest rate in history, 5.50%.

The operation, carried out by the wholly-owned subsidiary Petrobras Global Finance BV, registered a demand more than six times greater than the offer, with the participation of 426 investors from the United States, Europe, Asia and Latin America. Ten days ago, the state-owned company announced the funding and its objective of using the funds to repurchase up to US$ 2.5 billion in bonds maturing in 2050 issued in the international market. The company’s intention, announced on June 2, is to repurchase, among other maturities, the bonds that pay interest at 6.750% and with US$ 1.467 billion in circulation.

READ ALSO:  San Martín brought an important point in his visit to Gimnasia de Mendoza

Sign the EXAM and access the most important news in real time.

From 1 to 5, what is your reading experience on the exam?

1 being the lowest note and 5 being the highest note.

Your feedback is very important to build an even better EXAM.

Thanks for reading the EXAM! How about becoming a subscriber?

Get unlimited access to the best content of your day. In just a few minutes, you create your account and continue reading this article. Come on?

It’s just a moment before you release your access.

digital exam

BRL 3.90/month
  • R$9.90 after the third month.
  • Access whenever and wherever you want.
  • Unlimited access to Then24.com Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

annual digital exam

BRL 99.00/year
  • R$ 99.00 in cash or in up to 12 installments. (BRL 8.25 per month)
  • Access whenever and wherever you want.
  • Unlimited access to Then24.com Invest, macroeconomics, markets, career, entrepreneurship and technology.

Sign it

4162387

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

Leave a Reply

Your email address will not be published. Required fields are marked *