Petrobras

Petrobras – R$ 7 billion financing transaction with Banco do Brasil

Rio de Janeiro, June 1st, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has executed today a financing transaction with Banco do Brasil, as an  Export Credit Note (ECN) modality, in the amount of R$ 7 billion, with maturity in 2022. Simultaneously, the company prepaid ECNs in the amount of R$ 6 billion, which would mature in 2019, with the same financial institution.

Petrobras will continue to assess new funding opportunities according to its liability management strategy, which aims to improve the amortization profile and reduce the cost of debt, taking into consideration the deleveraging targets under its 2017-2021 Business and Management Plan.

Categories: Petrobras

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