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Petrobras Bond Initiative Reaps US$8.5B: Daily

By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL – According to market sources Brazilian oil giants Petrobras attracted US$22 billion worth of interest and sold US$8.5 billion in a new bond offer. The new multi-billion dollar six-part bond offering is the second of its kind which previously drew US$11 billion in May last year.

The bonds will mature in periods ranging from three to thirty years and are being sold by a subsidiary called Petrobras Global Finance. The funds raised by Petrobras should be used to help fund the business plan of the company . . .

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