Brazil’s Petrobras plans R$3 billion of debentures in public offering

By Susanna Moon

Chicago, Aug. 26 – Brazil’s Petroleo Brasileiro SA (Petrobras) said it plans a public offering of debentures in three series, with R$3 billion of bonds in the first issue.

Proceeds will be used for the planned investments in the business and management plan and extending the company’s debt profile or to fund the expenses already incurred or to be incurred related to the prioritized investment project, according to a company press release.

Petrobras is an energy company based in Rio de Janeiro.

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