Petrobras prepays debts

Rio de Janeiro, March 18, 2019 – Petróleo Brasileiro S.A. – Petrobras informs that on 03/15/2019 it prepaid Export Credit Notes with Banco do Brasil, in the amount of R$ 7.0 billion, with maturity in 2022.

The transaction is in line with Petrobras’ Resilience Plan and the company’s liability management strategy to improve the amortization profile and cost of debt, taking into account its deleveraging target set forth in its Business and Management Plan 2019-2023.

Leave a Reply