Petrobras plans to issue one or more series of global bonds in the U.S. market, subject to market conditions, Brazil’s state-held oil firm said on Wednesday, without specifying amounts. Petrobras Global Finance (PFG), a wholly owned subsidiary of Petrobras, will offer the bonds, which will be fully and unconditionally guaranteed by the parent company. The Brazilian oil firm has hired BNP Paribas Securities, BofA Securities, Itau BBA USA Securities, J.P. Morgan Securities LLC, Scotia Capital (USA), and SMBC Nikko Securities Americas to conduct the bond issue as coordinators, Petrobras said in a statement. PGF will use the net proceeds from the bond issue for general corporate purposes. Earlier this month, Petrobras was said to have suspended preparations to sell a minority stake in a cluster of four offshore fields producing 230,000 bpd. Petrobras has been selling non-core assets and minority stakes in oilfields in Brazil and elsewhere, aiming to […]