Home Business Petrobras Announces Prepayment of R $ 7 Billion in Export Credit

Petrobras Announces Prepayment of R $ 7 Billion in Export Credit

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The Petrobras said on Monday, Mar. 18th, who made the prepayment of credit notes in the amount of R $ 7 billion for export to the Bank of Brazil.

Petrobras said it made a prepayment of export credit notes with the Bank in Brazil that would expire in a total value of 7 billion Reais in 2022, the company said in a statement Monday.

“The transaction is in line with the company’s Resiliency Plan and its liability management strategy, which aims to improve the amortization profile and cost of debt,” the company said.