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Petrobras sells $1.5 bln of 10-year dollar bonds

Posted on 05 February 2009

From Bloomberg: Petroleo Brasileiro SA, Brazil’s state-controlled oil company, sold $1.5 billion of 10-year bonds today, a week after Chief Executive Officer Jose Sergio Gabrielli said he put off plans to issue debt because international markets are “too expensive.”

Petrobras, as the Rio de Janeiro-based company is known, sold the bonds to yield 5.18 percentage points above comparable-maturity U.S. Treasuries, or about 8.13 percent….. Full Article: Source


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