Petrobras raises US$6.75bil in return to global bond markets


  • Business
  • Thursday, 19 May 2016

SAO PAULO: State-controlled Petroleo Brasileiro SA (Petrobras) has raised US$6.75bil from a sale of five- and 10-year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian President Dilma Rousseff.

The sale is the first by a Brazilian company since June and it is the first to test investor sentiment toward Brazil since Rousseff was ousted last week to face an impeachment trial.

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