Banco do Brasil Expects Sete Brasil Finance Deal by Year-end

Banco do Brasil SA expects to reach an agreement, along with other creditors, with troubled Brazilian offshore drillship builder and leaser Sete Brasil over its outstanding debts by the end of the year, the bank's chief executive said on Monday.

State-led Banco do Brasil, which plans to restart a loan program for suppliers of state-run oil company Petroleo Brasileiro SA this week, also aims to help finance companies bidding for hydroelectric concessions at an auction in November, CEO Alexandre Abreu said.

(Reporting by Rodrigo Viga Gaier; Writing by Jeb Blount)