(Reuters, 21.Sep.2018) — Bondholders in Brazilian state-run oil firm Petroleo Brasileiro SA have accepted the exchange of about $8.9 billion of unregistered notes for identical paper registered with the U.S. Securities and Exchange Commission, the company said in a Friday securities filing.
Of $3.76 billion in 5.299 percent notes maturing in 2025, investors switched $3.51 billion into SEC-registered paper, and of $5.84 billion in 5.999 percent notes maturing in 2028, investors switched $5.4 billion into SEC paper, the firm said.
Petrobras, as the company is known, said the operation will not impact its debt profile. (Reporting by Gram Slattery Editing by Chizu Nomiyama)
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