Together with the debt sale, Petrobras also announced a cash tender offer. — Bloomberg
SAO PAULO: Brazil’s state-controlled oil producer Petroleo Brasileiro SA are tapping global bond markets to borrow US$1bil, joining a wave of sales by other emerging-market companies and governments.
Petrobras sold dollar-denominated notes due in 2035, according to people familiar with the matter, who asked not to be identified because they’re not authorised to speak publicly.
