August 17, 2019 / 2:37 AM / a month ago

Brazil's Petrobras to sell $750 million non-convertible debentures - filing

BRASILIA, Aug 16 (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA said in a securities filing on Friday that it intends to sell 3 billion reais ($750 million) in non-convertible debentures, a local debt security.

Proceeds will be used in oil exploration projects, production, and funding general business operations, the oil firm said in the filing. ($1 = 4.00 reais) (Reporting by Jamie McGeever; Editing by Simon Cameron-Moore)

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