Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Petrobras has announced the redemption of its 5.299% Global Notes due 2025 and 6.250% Global Notes due 2026, with redemption dates set for December 2024. The move will involve paying the greater of the principal amount or a calculated make-whole amount, alongside accrued interest. This strategic financial maneuver is aimed at optimizing Petrobras’s capital structure by utilizing available cash on hand.
For further insights into PBR stock, check out TipRanks’ Stock Analysis page.