27 de febrero de 2016 / 0:30 / en 2 años

China's $5 bln to $10 bln Petrobras loan may help pay most 2016 debt

RIO DE JANEIRO, Feb 26 (Reuters) - A loan announced Friday from China to Brazil’s Petrobras is for $5 billion to $10 billion, can be paid in cash or oil at China’s request and may help pay the bulk of the $12 billion in debt the state-run oil company must repay this year, a source involved in debt talks told Reuters late Friday.

The loan from the China Development Bank was first agreed to in early 2015, and when added to a $5 billion CDB loan made in 2009, increases the bank’s debt exposure to Petroleo Brasileiro SA as Petrobras is formally known, to as much as $15 billion the source said. (Reporting by Jeb Blount; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below