Petrobras Gets $10 Billion Chinese Loan in Oil Supply Deal

  • Funding stems from accords signed with Asian nation last year
  • Producer has sought to avoid high borrowing costs for bonds

Petroleo Brasileiro SA secured a $10 billion loan from China Development Bank Corp. as the beleaguered state-owned oil producer endures the worst crude market in a generation and faces more than double that amount in maturities over the next two years.

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