Brazil's Petrobras to extend loans to suppliers - filing
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SAO PAULO, Nov 24 (Reuters) - Brazil's state-controlled oil company Petrobras has started to offer financial services to its suppliers to help them weather the impact of the economic crisis stemming from the coronavirus pandemic, according to a securities filing on Tuesday.
Petrobras is offering working capital credit lines to nearly 10,000 suppliers and said it can extend up to 3 billion reais ($551.38 million) in loans with lower interest rates than offered by banks. ($1 = 5.4409 reais) (Reporting by Carolina Mandl, editing by Louise Heavens)
