Petrobras to sell infrastructure bonds in wake of Vale deal -source
SAO PAULO Feb 19 (Reuters) - Petróleo Brasileiro SA is considering the sale of about 3 billion reais ($1.26 billion) in local notes to fund infrastructure projects, helping the state-controlled oil company tap investors beyond its traditional base, a source with direct knowledge of the situation said.
The Rio de Janeiro-based company, which has not sold senior debt in the domestic market in 12 years, is in talks with banks on how to place an offering of so-called infrastructure debentures soon, said the source, who requested anonymity because the plan is in the works. The inflation-linked notes would be split into different maturities, the source added.
The domestic debt offering could also help Petrobras buy time ahead of a planned comeback to international debt markets. According to the source, the company wants to clinch the sale of dollar-denominated bonds during the first half and extend a successful offering of euro- and British pound-denominated securities in the second half.
A Petrobras spokesman did not have an immediate comment.
- French warplanes search Mali desert for crashed Air Algerie plane
- At least 15 die in Israeli shelling of Gaza school as toll exceeds 750 |
- Exclusive: Ukraine rebel commander acknowledges fighters had BUK missile
- Sierra Leone's chief Ebola doctor contracts the virus
- Minnesota man asked to leave Southwest flight after critical tweet