Petrobras Sells 100-Year Bonds

摘要

Brazilian state-run oil company Petrobras said on Monday it has sold $2.5 billion in 100-year bonds, as its cost of borrowing surged in the wake of a giant corruption scandal and concern about its soaring debt, one of the world's largest, rose. Petrobras sold the 6.85% bonds due in June 2115 at 81.07% of face value to yield 8.45%. Because of the discount, Petrobras raised about $2.03 billion in the sale.