Petrobras pays off trade finance loans

Petrobras pays off trade finance loans

Brazil Loans

Brazil's Petrobras said it has paid off more than $1bn in trade finance debt as it moves to improve its credit profile through 2021. The state-owned energy company has prepaid a BRL2.5bn ($807m) export credit note from the federal savings bank Caixa Economica Federal, due in November 2018.  It also paid back $250m of a $1bn trade facility from Credit Agricole and rescheduled payment of the remaining $750m for December 2022, two years later than the original due date. Petrobras also said it go

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