UPDATE 1-Petrobras closes $4 billion bond issuance

Brazil’s state-controlled oil company Petrobras on Tuesday closed a $4 billion issuance of 5 and 10-year notes in international markets as part of the debt-laden company’s efforts to term out upcoming maturities, it said in a statement.

The order book was five and four times oversubscribed in the 5 year and 10-year tranche, respectively, with 592 investors from the United States, Europe, Asia and Latin America participating, it said.

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