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Petrobras raises US$6.75 billion in return to global bond markets

Published Wed, May 18, 2016 · 09:50 PM
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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.

Petrobras, as the firm is known, later announced that it had doubled the maxim…

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