by Amruth Sundarkumar | Jul 1, 2021 | High Yield Bonds
Brazil’s Petroleo Brasileiro SA (Petrobras) raised $2.3bn in a secondary share offering of its full remaining 37.5% stake in its former subsidiary Petrobras Distribuidora SA amounting to BRL 11.36bn ($2.3bn). The offering included a 2.5% discount over the closing...
by Amruth Sundarkumar | Jun 3, 2021 | High Yield Bonds
Brazil state-owned oil company Petrobras raised $1.5bn via a 30Y dollar bond at a yield of 5.75%, 50bp inside initial guidance of 6.25% area. Proceeds will be used to buyback $2.5bn worth of bonds with maturities across 2025s to 2050s. The deadline for the offer is...
by bondevalue | May 14, 2021 | High Yield Bonds
Brazil’s oil company Petrobras reported a net profit of $220.2mn in 1Q2021, partially reversing its losses of $9.16mn a year earlier. The company recorded that profits were down 98.1% compared to its record 4Q2020 profits of $11.3bn. Petrobras attributed the positive...
by bondevalue | May 11, 2021 | High Yield Bonds, Singapore Dollar Bonds
Singapore based Keppel Offshore and Marine through its subsidiary Keppel Shipyard has secured a contract worth $2.3bn from Brazil’s state-owned oil company Petroleo Brasileiro SA (Petrobras) for the delivery of a floating production storage and offloading vessel...
by bondevalue | Apr 14, 2021 | High Yield Bonds
Joaquim Silva e Luna, a military general close to Brazilian President Jair Bolsonaro, will take control of the state-owned oil giant Petroleo Brasileiro SA (Petrobras). Luna was named to the board of directors of Petrobras, a step prior to being appointed as CEO, in...
