Brazilian oil company, Petrobras, is seeking to raise around $40 billion in debt by 2014, Financial Times reports. The Rio de Janeiro-based company seeks to use the proceeds for further exploration and development of pre-salt fields.
Petrobras, which raised around $6 billion in a bond issue two weeks ago, is planning around $224 billion in capital expenditure by 2014 to boost exploration. The company raised around $70 billion in an equity issue in 2010.
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