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Petrobras

Disbursement of China Exim Bank loan

06/04/2018 | 16h16
Disbursement of China Exim Bank loan
Flavio Emanuel/Petrobras Agency Flavio Emanuel/Petrobras Agency

Petrobras, in continuity with the press release disclosed on 05/09/2016, informs that today it received US$ 900 million related to the disbursement of the first installment of the loan contracted with the Export-Import Bank of China, “China Exim Bank”, in the total amount of US$ 1 billion.

 

This is an unprescedented financing for Petrobras, insured by Sinosure, China's Official Export Credit Agency, and with China Exim Bank. The remaining balance of US$ 100 million is expected to be disbursed by May 2019.

 

The transaction in line with Petrobras' liabilities management strategy, taking into account the deleveraging target set forth in its 2018-2022 Business Plan and Management.



Font: Petrobras Agency
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