Gulf Oil and Gas accountACCOUNT

Petrobras Signs $5B Financing Agreement with CDB

Source: www.gulfoilandgas.com 12/5/2017, Location: South America

Share |
Petrobras has signed with China Development Bank (CDB) a financing agreement of US$5 billion with maturity in 2027. Petrobras has also signed a commercial agreement with Unipec Asia Company, establishing a preferential supply of 100,000 barrels of oil equivalent per day, based on market conditions, for a period of 10 years.

The agreement with CDB provides for the disbursement of half of the amount in December 2017 and the other half in January 2018, when the debt balance of US $ 2.8 billion of the loan contracted in 2009 with the bank will also be prepaid. In addition, the prepayment will result in the early termination of the commercial agreement signed with Unipec Asia Company in 2009, due 2019, for the preferential supply of a total volume of up to 200,000 barrels of oil equivalent per day.

Petrobras will continue to evaluate debt prepayment and new financing opportunities, in accordance with its liabilities management strategy, in order to improve its amortization profile, taking into account the deleveraging goal set forth in its Business and Management Plan 2017-2021.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects

Financials and Investment News in Brazil >>

Nigeria >>  10/16/2018 - Nigeria’s upper house of parliament plans to investigate an alleged $3.5 billion fuel subsidy fund at state-oil firm NNPC, lawmakers said on Tuesday. ...
Tanzania >>  10/4/2018 - The Company announces that, as a result of payment defaults by Bounty Oil & Gas NL (“Bounty”) under the joint operating agreements relating to the Kil...

Niger >>  9/28/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...
Ireland >>  9/26/2018 - The Directors of Petrel are pleased to announce that the Company has raised £400,000 (before expenses) via the placing of 21,621,622 ordinary shares (...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

 

Oil & Gas Companies in Brazil >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.