(Petrobras, 16.Jan.2017) – Voted the company with the best debt management performance in the international capital markets in 2016, Petrobras was presented by LatinFinance magazine with the Corporate Liability Management of the Year award, at a ceremony held in New York on January 12, 2017.
The award took into consideration two securities issue and repurchase transactions in the international market, in May and July last year. In the former, Petrobras issued securities with a total value of $6.75 billion and maturities of five and ten years. In the latter, the company raised an additional $3 billion by reopening the bond series. In both transactions, the company used the proceeds to repurchase securities maturing between 2017 and 2019, so as to extend its average debt maturity profile.
It was the first time the company had been presented with this award.
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