Petrobras reports that it has prepaid yesterday(Dec 16) a US$ 5 billion loan with China Development Bank (CDB), due in 2027.

This prepayment will lead to the termination of the obligation to preferentially supply, under market conditions and for the term of financing, a total volume of 100,000 barrels of oil equivalent per day to Chinese companies.

The transaction is in line with the company's liability management strategy, which aims to improve the amortization profile and debt cost, considering the deleveraging goal set out in its 2020-2024 Strategic Plan.