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Petrobras raises US$6.75 billion in return to global bond markets
Published Wed, May 18, 2016 · 09:50 PM
Sao Paulo
STATE-CONTROLLED Petróleo Brasileiro SA raised US$6.75 billion on Tuesday from a sale of five and 10-year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian president Dilma Rousseff.
The sale is the first by a Brazilian company since June and the first to test investor sentiment towards Brazil since Rousseff was ousted last week to face an impeachment trial.
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