Brazil’s Petrobras to issue R$5 billion debentures in four tranches

By Susanna Moon

Chicago, July 27 – Petroleo Brasileiro SA, or Petrobras, plans to issue up to R$5 billion of debentures in up to four series, according to a 6-K filing with the Securities and Exchange Commission.

The allocation of volumes among the series will be defined via bookbuilding.

Petrobras said it will issue a minimum of R$800 million of bonds in the first and/or second series, which will be infrastructure debentures, and R$3.2 billion in the third and/or fourth series.

The infrastructure debentures will consist of two series that classifies as a priority the investment project in the oil and natural gas infrastructure area named “exploration and production development program for transfer of rights fields,” held by Petrobras.

Petrobras is a Rio de Janeiro-based oil and gas company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.