Petrobras to Consider Offer from Mubadala Investment Company

The Brazilian state oil company Petrobras said on Friday that it will analyze an offer it received from Mubadala Investment Company regarding establishing a strategic partnership in the areas of refining and bio-refining in the Bahia region in the northeast of the country.

Petrobras added that the business model that it will analyze will take into account potential joint investments.

The company also stated that it will consider purchasing stakes in the Mataripe Oil refinery and Acelen Renewable Energy, both owned by Mubadala.

 

Mubadala’s Green Bonds

Furthermore, Mubadala Investment Company has made a significant stride by issuing its inaugural green bonds, valued at $750 million with a tenure of 10.5 years, marking a historic event in its financial trajectory.

Strong Market Reception

According to the UAE news agency, the issuing process witnessed a robust market reception, with purchase orders surging to over $6 billion. A diverse investor base observed this overwhelming response spanning local, European, Asian, and American regions.

Record Subscription Surplus in 2023

Moreover, this issuance stands as one of the highest in 2023, boasting of a subscription surplus of 9.1 times. The bond proceeds are earmarked for investments aligned with the Green Financing Network’s standards.

Diversifying Investor Base

The deal played a pivotal role in diversifying the investor base by attracting new investors. Therefore, a significant portion of the interest came from entities that had not previously invested in Mubadala’s bonds.

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