NEW YORK, Sept 9 (IFR) - Brazilian state-owned oil firm Petrobras has launched a liability management transaction to buy back or exchange outstanding bonds maturing between 2023 and 2029.
The borrower is offering to exchange 4.375% 2023s, 6.25% 2024s, 5.299% 2025s, 8.75% 2026s, 7.375% 2027s, 5.999% 2028s, 5.75% 2029s for newly issued debt due 2030.
Petrobras is also offering the same bonds for cash.
Citigroup, Credit Agricole, HSBC, Mizuho, Morgan Stanley and Santander are acting as dealer managers on the trade.
(Reporting By Paul Kilby)
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