Petrobras receives $1.5B from China Development Bank

Petrobras has received, through its fully-owned subsidiary Petrobras Global Trading BV – PGT, the sum of $ 1.5 billion related to the loan signed on May 20, 2015, with the China Development Bank (CDB)

As informed by the company on May 20, 2015, with this amount, the loan contracted with CDB throughout 2015 totals $ 5 billion.

This loan is part of the cooperation agreement signed between Petrobras and CDB for the years 2015 and 2016.

The agreement was signed in May by Petrobras CEO Aldemir Bendine and CDB Chairman Hu Huaibang at a ceremony in Brasília.

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