Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras, through its subsidiary Petrobras Global Finance B.V., has announced the pricing of U.S. dollar-denominated global notes set to mature in 2035, with an expected closing date of September 13, 2024. The launch aims to raise $1 billion at an interest rate of 6%, with the proceeds planned for repurchasing various outstanding global notes and for general corporate purposes. This strategic financial move is significant for investors tracking the company’s capital management efforts.
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