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An update from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available.
Petrobras announced the redemption price for its 5.299% Global Notes due 2025, with the redemption date set for December 27, 2024. The company’s subsidiary, Petrobras Global Finance B.V., will redeem the notes with available cash, totaling approximately $606.7 million. This move will cancel the notes and extinguish related obligations, impacting Petrobras’s financial operations by reducing its outstanding debt and potentially improving its market position.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, officially known as Petróleo Brasileiro S.A., is a leading Brazilian petroleum corporation with operations primarily focused on energy and oil production. The company engages in the exploration and production of oil and gas, refining, energy generation, and distribution activities, positioning itself as a significant player in the energy sector.
YTD Price Performance: -4.87%
Average Trading Volume: 14,987,753
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $81.76B
Learn more about PBR stock on TipRanks’ Stock Analysis page.
