(Argus, 7.Oct.2020) — Ecuador hopes to sign a new $1.4bn oil-backed sovereign credit agreement with China next month that would restructure existing loans and encourage competition among Chinese oil trading companies, Ecuadorean oil minister RenĂ© Ortiz told Argus. The fresh Chinese loan would complement Ecuador’s recent $17bn bond debt structuring […]
Tag: China Development Bank (CBD)
Petrobras Prepays $5bn CDB Loan
(Petrobras, 16.Dec.2019) — Petrobras, following up on the press release disclosed on August 14, 2019, prepaid a $5 billion loan with China Development Bank (CDB), due in 2027. This prepayment will lead to the termination of the obligation to preferentially supply, under market conditions and for the term of financing, […]
Petrobras Updates On CDB Debt Pre-Payment
(Petrobras, 14.Aug.2019) — Petrobras reports that today it fully prepaid a financing contract with China Development Bank (CBD) due in 2024, totaling US$ 3 billion. The company also notified CBD on the advanced payment of another loan, in the amount of US$ 5 billion and whose maturity would be in […]