January 20, 2011 / 10:06 PM / 8 years ago

Petrobras sells $6 bln in bonds at tighter spreads

NEW YORK, Jan 20 (Reuters) - Brazil’s state-owned oil giant Petrobras (PETR4.SA)(PBR.N) on Thursday sold $6 billion in bonds of different maturities, paying tighter spreads than initially offered to investors, Thomson Reuters’ IFR reported.

Petrobras sold $2.5 billion in five-year bonds at a spread of 190 basis points over comparable U.S. Treasuries and $2.5 billion in 10-year bonds at a spread of 195 basis points over Treasuries. It also sold $1 billion in 30-year bonds at 220 basis points over Treasuries.

Writing by Walter Brandimarte; Editing by Diane Craft

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