brazil\s petrobras to raise 5bn in bonds
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Brazil\'s Petrobras to raise $5bn in bonds

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Emiratesvoice, emirates voice Brazil\'s Petrobras to raise $5bn in bonds

Rio De Janeiro - AFP

Brazilian energy giant Petrobras said Tuesday it will sell upwards of $5 billion in bonds to help finance development of offshore oil fields over the coming five years. The bond sale constitutes four tranches on the New York Stock Exchange -- three of them euro-denominated in four, seven and 11-year notes -- with the other a 20-year sterling note.

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