Rio de Janeiro, February 27, 2019 – Petróleo Brasileiro S.A. – Petrobras informs that, in February, it pre-paid bank debts totaling R$ 5,9 billion and US$ 1 billion, according to the table below:
Table: pre-payment operations (in million)
|
Bank |
Pre-payment |
Original maturity |
|
Itaú |
R$ 95 |
2021 |
|
R$ 313 |
2023 |
|
|
R$ 386 |
2024 |
|
|
BNDES |
R$ 21 |
2021 |
|
R$ 703 |
2023 |
|
|
R$ 140 |
2024 |
|
|
R$ 348 |
2026 |
|
|
Votorantim |
R$ 161 |
2023 |
|
Caixa Econômica Federal |
R$ 3.734 |
2023 |
|
Standard Chartered Bank |
US$ 1.000 |
2022 |
The transactions are in line with the company’s liability management strategy, which aims to improve the amortization profile and cost of debt considering the deleveraging goals under its 2019-2023 Business and Management Plan.
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