Petrobras to get first tranche of USD10bn CDB loan by end-2009

Posted on: Wed, 11 Nov 2009 02:50:00 EST


Symbols: CHXDF
Boston, MA, Nov 10, 2009 (M2 PRESSWIRE via COMTEX) --
CHXDF | Quote | Chart | News | PowerRating -- 11 November 2009 - Brazilian oil and gas company Petrobras (SAO:PETR3)
will get by the end of the year the first tranche of USD3bn (EUR2bn)
under a loan agreement with China Development Bank Corporation (CDB),
CFO Almir Barbassa said.

The USD 10bn credit will be extended over the next ten years.

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