24 October 2009

Petrobras Sells $4 Billion In Bonds To Repay Bridge Loan.

BLOOMBERG/
Petrobras sold $4 billion of 10-and 30-year bonds to help repay a $6.5 billion bridge loan it signed in January.
“Brasil is extremely hot right now and that makes the reception of such a credit a lot easier,” said Luz Padilla at TCW Group.