Petrobras pays $ $500 million debt, but makes financing of US $1 billion

Petrobras made the advance payment of a financing with Standard chartered, at the value of US $500 million, which had maturity in December 2018. However, in order to accomplish the advance, the state has taken resources in the amount of US $1 billion with a commercial bank syndicate, which is also led by Standard Chartered Bank.

State has reported that the remainder of the resources collected will be used for prepayment of existing debts and that the company will continue to evaluate new pre-payment and financing opportunities, following the passive management strategy and according to the plan of Business and Management 2017-2021.

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