China?s $5 bln to $10 bln Petrobras loan may help pay most 2016 debt

[ahlam1399]

China?s $5 bln to $10 bln Petrobras loan may help pay most 2016 debt
RIO DE JANEIRO, Feb 26 (Reuters) - A loan an**unced 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.
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