Petrobras Secures $606 mln Credit Line from Banco do Brasil

March 26, 2018

World Energy Reports LLC.
Brazilian state-controlled oil company Petróleo Brasileiro SA said on Monday it has hired a 2 billion real ($606 million) credit line from state lender Banco do Brasil SA expiring in Feb. 2023.
 
In a securities filing, Petrobras, as the company is known, said the newly-contracted credit line will cost 0.40 percent a year.
 

Reporting by Bruno Federowski 

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