Send us Feedback

Petrobras (PBR)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBR » Topics » Memorandum of Understanding for the Financing of the Strategic Plans Capital Expenditures Program

This excerpt taken from the PBR 6-K filed May 31, 2005.

Memorandum of Understanding for the Financing of the Strategic Plan’s Capital Expenditures Program

Petrobras signed a further memorandum of understanding with Nippon Export and Investment Insurance (NEXI) and Sumitomo Mitsui Banking Corporation (SMBC), establishing the terms and conditions for financing up to US$ 300 million of the Company’s capital expenditures program under the Strategic Plan for the 2004-2010 period.

The Term Sheet establishes a tenor up to 12 years for amortization with a 4 years grace period. It also establishes that the US$ 300 million will be provided by a pool of commercial banks led by SMBC and insured by NEXI.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki