Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras, the Brazilian oil giant, has entered into a guaranty agreement with The Bank of New York Mellon, serving as a trustee for note holders, to ensure the unconditional payment of $1 billion in notes due in 2035. This guaranty provides an irrevocable and unconditional guarantee to the note holders that Petrobras will fulfill any required payments if the issuer defaults. The agreement underscores Petrobras’s commitment to securing the financial backing for its long-term debt obligations.
For further insights into PBR stock, check out TipRanks’ Stock Analysis page.
