March 26, 2018 / 12:40 PM / 4 months ago

Petrobras hires $606 mln credit line from Banco do Brasil

SAO PAULO, March 26 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA said on Monday it has hired a 2 billion real ($606 million) credit line from state lender Banco do Brasil SA expiring in Feb. 2023.

In a securities filing, Petrobras, as the company is known, said the newly-contracted credit line will cost 0.40 percent a year.

$1 = 3.30 reais Reporting by Bruno Federowski

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