Petrobras has tapped the international bond markets to raise $6.75bn in the first such sale by any Brazilian company since June.
The Brazilian oil major sold $5bn in five-year notes at a coupon of 8.625% and $1.75bn in 10-year notes at a 9% yield.
Proceeds from the sale of the senior unsecured notes will be used to fund a buy back up to $6bn of debt maturing in 2018
The issue attracted demand from investors of around $20bn, according to a banker, who was involved in the transaction.
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