Petrobras to Pre-pay $1.4 Bln in Bonds Maturing in 2020

Brazilian state-controlled oil company Petroleo Brasileiro SA said on Wednesday it would prepay $1.4 billion worth in bonds maturing in 2020, with coupons of 5.75 percent and 4.875 percent.

 

The amount will be paid on May 3, Petrobras said in a securities filing, adding that the move was part of its deleveraging strategy.

 

Petrobras is the world's most indebted oil company. Its net debt was nearly $95 billion as of the end of February.


(Reporting by Jose Roberto Gomes; editing by Jonathan Oatis)