Petrobras Secures $1B Credit Line

摘要

Petrobras has secured a $1.03 billion line of credit from state - run bank Banco do Brasil that will be used for export activities. The company said the financing was attractive in comparison to other available market alternatives. In a statement, the state - owned oil giant said the deal was not a new transaction but rather an exchange of dollar - denominated debt for Brazilian currency - denominated debt as well as an extension on the term on the loan.