May 23, 2017 / 11:52 AM / in 5 months

Brazil's Petrobras extends maturity of $500 mln debt with Citibank

BRASILIA, May 23 (Reuters) - Brazil’s state-controlled oil company Petróleo Brasileiro SA extended the maturity of a $500 million debt with Citibank NA as part of a strategy to cut financial expenses, the company said in a statement on Tuesday.

Petrobras, as the company is commonly known, said it pre-paid claims expiring in 2017 and 2018 and took a new unsecured loan due in 2022. (Reporting by Silvio Cascione)

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