NEW YORK, Jan 9 (IFR) - Brazilian state-owned oil company Petrobras announced a new bond sale on Monday as it seeks to finance a debt tender.
The company is approaching accounts with five and 10-year bonds at initial price thoughts of 6.5% area and 7.75% area, respectively.
The deal is set to price later on Monday. Bradesco, Citigroup, HSBC, Itau and Morgan Stanley are acting as leads. (Reporting by Paul Kilby; Editing by Marc Carnegie)