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Brazil: Petrobras & Bank of Nova Scotia Financing Transaction

Pre-payment of debt and new financing with The Bank of Nova Scotia

 

Petrobras reports a transaction with the Canadian bank, The Bank of Nova Scotia, through the pre-payment of debt in the amount of US$ 500 million, which would mature in 2019.  Simultaneously, the company hired a new financing in the amount of US$ 750 million, with maturity in 2022 and unsecured.

Petrobras will continue to assess new funding opportunities according to its liability management strategy, which aims to improve the amortization profile and reduce the cost of debt, taking into consideration the deleveraging target under its 2017-2021 Business and Management Plan. PWKD03072017

Last modified onMonday, 03 July 2017 20:45
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