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Brazil’s Petrobras sells $2 billion in long-term bonds

January 26, 2018 by

Brazilian government-run oil company Petrobras has sold $2 billion in long-term bonds to international investors, the company said Friday. The bonds come due in 2019 and were sold at an effective yield of 5.95%. Proceeds will be used to pay down more expensive short-term debt, Petrobras said. The bond sale is part of an overall debt restructuring.

Link to Petrobras release

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