Petrobras Prices Inter-company Bond

Petrobras Energia, the Argentinean subsidiary of Petrobras, has bought $300m of FRNs from Petrobras Internacional Braspetro with a July 2008 maturity, according to a filing with the Buenos Aires Bolsa. The transaction pays 30-day Libor plus 15bp. The Brazilian state-controlled oil company had to pull an international issue earlier in the week. A $500m tap of 6.125% 2016 notes was abandoned as pricing flared amid market unease.