RIO DE JANEIRO Feb 26 A loan announced Friday
from China to Brazil's Petrobras is for $5 billion to $10
billion, can be paid in cash or oil at China's request and may
help pay the bulk of the $12 billion in debt the state-run oil
company must repay this year, a source involved in debt talks
told Reuters late Friday.
The loan from the China Development Bank was first
agreed to in early 2015, and when added to a $5 billion CDB loan
made in 2009, increases the bank's debt exposure to Petroleo
Brasileiro SA as Petrobras is formally known, to as
much as $15 billion the source said.
(Reporting by Jeb Blount; Editing by Bernard Orr)