September 8, 2017
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
Brazil's state-owned energy company also gets $323m in fresh credit from Bradesco