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Petrobras Initiates First Dollar Bond Issue Since 2021

BRAZIL
  • Petrobras Kicks Off First Dollar Bond Sale Since 2021 (Bloomberg)
  • Confirmation of prior reports, Brazil’s state-controlled oil producer Petroleo Brasileiro SA is returning to global debt markets for the first time in two years.
  • Bloomberg say Petrobras is issuing benchmark dollar notes due in 2033, according to people familiar with the matter, who asked not to be identified because the information isn’t public yet.
  • Initial price talks are around 7%, the people added, and the sale is expected to close Monday.
  • BTG Pactual, Citigroup, Goldman Sachs, Itaú BBA, MUFG, Santander, Scotiabank and UBS are on the deal.

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