Sunday, June 16, 2019

Petrobras Repays 2 Bln Real Loan, Opens Fresh Credit Line

October 5, 2018

Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025.

The world's most indebted oil company said that with the new credit line, it has 6 billion reais ($1.55 billion) available from Brazilian banks and $4.35 billion on tap from international banks.

($1 = 3.8750 reais)

(Reporting by Alexandra Alper)

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