Petrobras Debuts in Green Financing With $1.25 Billion Loan

Signage outside a Petroleo Brasileiro SA gas station in Rio de Janeiro, Brazil. Photographer: Francesca Gennari

Petroleo Brasileiro SA debuted in the green financing market with a $1.25 billion sustainability-linked loan as Brazil’s oil giant looks to court environmentally conscious investors.

With strong cash-flow generation in the first quarter, the Rio de Janeiro-based company has no plans to tap the bond market in the short term as high volatility clouds the environment for new issuance.

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