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Feb. 1 (Bloomberg) -- Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, plans to sell $7 billion in bonds in overseas markets as soon as today, according to a person familiar with the transaction.
Petrobras plans to sell $1.25 billion of new three-year bonds to yield 275 basis points, or 2.75 percentage points, above U.S. Treasuries, and $1.75 billion of five-year debt at a spread of 290 basis points. The company also plans to sell $2.75 billion more of its bonds maturing in 2021 to yield 295 basis points above Treasuries, and $1.25 billion more of the 2041 securities at a spread of 295 basis points, the person said.
--Editor: Glenn J. Kalinoski
#<129514.39388188.8.131.52.14779.25># -0- Feb/01/2012 13:53 GMT
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