Brazil's Petrobras Raised About EUR3.8 Billion in Bond Sale

Brazils Petrobras Raised About EUR3.8 Billion in Bond Sale
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Τετ, 8 Ιανουαρίου 2014 - 18:27
Brazil's state-run oil firm Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Tuesday evening it raised the equivalent of EUR3.8 billion through the sale of bonds denominated in euros and pounds sterling.
Brazil's state-run oil firm Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Tuesday evening it raised the equivalent of EUR3.8 billion through the sale of bonds denominated in euros and pounds sterling.

The deal's biggest tranche, EUR1.5 billion in four-year notes, priced at 99.705 to yield 2.829%, while the oil company also sold EUR750 million in seven-year notes at 99.402 to yield 3.849%, Petrobras said. The company sold EUR800 million in 11-year bonds at 99.204 to yield 4.845%.

Petrobras also sold bonds denominated in
U.K. pounds, selling GBP600 million of 20-year bonds at 98.845 to yield 6.732%.

The Wall Street Journal had reported the details of the sale earlier Tuesday based on a term sheet seen by its reporters.

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