Petrobras Inks $5b Funding Deal with Chinese Bank

Petrobras informs that it has signed with China Development Bank Corporation (CDB) a cooperation agreement for the years 2015 and 2016.

 

This agreement includes funding of $3.5 billion, already disbursed, reported by Petrobras to the market on April 1, 2015. In addition, $1.5 billion will be disbursed totaling $5 billion in financing in 2015.

 

The agreement was signed by Petrobras President, Aldemir Bendine, and the CDB President, Hu Huainbang, during a ceremony held in Brasilia.