August 30, 2019 / 10:13 PM / 23 days ago

Brazil regulator suspends Petrobras debt issuance after executive interview

RIO DE JANEIRO, Aug 30 (Reuters) - Brazilian securities regulator CVM suspended a 3 billion-real ($728 million) local debt issuance by state-run oil firm Petroleo Brasileiro SA , after the firm’s chief financial officer allegedly broke quiet period regulations.

The suspension lasts “up to 30 days,” the regulator said, but the length of the suspension can be reduced if a series of mitigation measures are carried out, such as the removal of the interview with the company’s CFO that was posted on YouTube and referred to the issuance.

($1 = 4.12 reais)

Reporting by Gram Slattery Editing by Chris Reese

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