Bonds
Brazilian Oil Giant Petrobras Taps Global Markets for Dollar Bond Sale
- Rio de Janeiro-based oil giant sold 10-year dollar notes
- Petrobras joins other Brazilian companies selling global debt
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Brazil’s state-controlled oil producer Petroleo Brasileiro SA tapped global bond markets to borrow $1 billion, 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 authorized to speak publicly. The yield was 6.25%, down from initial price talk of around 6.5%, the people said.