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Petrobras debt financing plans in doubt

Bribery probe hampers borrowing in international debt markets until producer provides audited results
Tuesday, November 25, 2014 - 05:50

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Petrobras has relied on overseas bond buyers for more financing than any company in emerging markets in the past three years, raising US$44.5 billion since 2011.

Sao Paulo

THE widening corruption probe at Petroleo Brasileiro SA is threatening to impair its ability to finance the world's biggest oil investment plan.

The state-controlled producer, which delayed releasing third-quarter earnings because of an investigation into alleged bribery

sentifi.com

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