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Provider: Stock Traders Daily
Provider: Pechala's Reports
Provider: Reuters Investment Profile

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Petroleo Brasileiro Petrobras SA Confirms Plans For Multi-Tranche Bond Issue-DJ

Monday, 13 May 2013 09:21am EDT 

Dow Jones reported that Petroleo Brasileiro Petrobras SA will wade back into the international debt market in an effort to raise billions of dollars toward an ambitious capital spending program. In a filing with the U.S. Securities and Exchange Commission, Petrobras said it will offer six separate dollar-denominated bonds, including fixed-rate bonds with maturities in 2016, 2019, 2023 and 2043. Two other tranches will feature floating rate notes due 2016 and 2019. The Company hired BB Securities, Bank of America Merrill Lynch, Itau BBA, Morgan Stanley, Citi, HSBC, and JP Morgan to coordinate the operation. Petrobras said it intends to use the proceeds to finance capital expenditures under its 2013-2017 Business Plan and for general corporate purposes. 

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1 May 2015