Brazil's federal energy company Petrobras (NYSE: PBR) has taken out a 2bn-real (US$890mn) short-term loan with federal savings bank Caixa Econômica Federal (CEF), a Petrobras spokesperson told BNamericas, confirming a statement from the senate news agency.
"The operation took place in Brazil because of the tough credit scenario in foreign markets," she said.
Petrobras' US$112bn strategic plan for 2008-12 in general entails tapping markets for some US$4bn a year, the company said in a statement.
"Petrobras has always tapped domestic and foreign capital markets. The company has always analyzed funding options , looking for the most appropriate to its debt profile," Petrobras said.
ALLEGED CASH FLOW PROBLEMS
Opposition senator Tasso Jereissati has filed a request to subpoena Petrobras CEO José Sérgio Gabrielli to testify before the senate's economic affairs committee about the company's financial health.
"Petrobras seems to be facing serious cash flow problems," the senate news agency quoted Jereissati as saying.
The senator also wants CEF to provide more information on the loan.
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