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.
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