Friday, June 22, 2018

Petrobras Concludes $4 Bln Bond Buyback

June 5, 2018

Brazilian state-run oil company Petroleo Brasileiro SA has concluded the buyback of $4 billion of bonds, the company said in a securities filing on Tuesday, after reaching the program's stipulated limit.

In May, Petrobras, as the company is known, announced plans to buy back up to $4 billion in global bonds. While the buyback period lasts until June 18, the company will not accept additional offers, the company said.


(Reporting by Gram Slattery)

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