Petrobras announces repurchase offer

An announcement by Petrobras made on Wednesday (2), brought to the general knowledge that the company intends to offer a new series of securities in the international market, through the subsidiary Petrobras Global Finance (PGF). In the statement, Petrobras said the issue is "subject to market conditions."

The company's initial target is a rate of around 6.25%, and the issue is expected to be priced later on Wednesday. In addition, the company also announced the start of a global bond buyback offer from PGF, expected to use up to $2.5 billion in operations.

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