Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
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Petrobras has announced the redemption of its 5.299% Global Notes due 2025 and 6.250% Global Notes due 2026, with redemption dates set for December 2024. The move will involve paying the greater of the principal amount or a calculated make-whole amount, alongside accrued interest. This strategic financial maneuver is aimed at optimizing Petrobras’s capital structure by utilizing available cash on hand.
For further insights into PBR stock, check out TipRanks’ Stock Analysis page.
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