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2016-05-19 20:15:00

PETROBRAS SELLS $6.75 BLN

PETROBRAS SELLS $6.75 BLN

State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10-year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian President Dilma Rousseff.

The sale is the first by any Brazilian company since June and the first to test investor sentiment toward Brazil since Rousseff was ousted last week to face an impeachment trial. Petrobras (PETR4.SA), as the firm is known, will also buy back up to $3 billion of debt maturing in 2018.

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Tags: PETROBRAS, OIL, BRAZIL,

Chronicle:

PETROBRAS SELLS $6.75 BLN
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PETROBRAS SELLS $6.75 BLN
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PETROBRAS SELLS $6.75 BLN
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U.S. FEDERAL FUNDS RATE 2.25-2.5%

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