agreement on for a total of 75 billion yen from a syndicate of Japanese banks. (US$1=90 yen). The syndicate comprises Sumitomo Mitsui Banking Corporation (SMBC), Mizuho Corporate Bank (Mizuho), and Banco de Tokyo-Mitsubishi UFJ Ltd (BTMU). The loan is insured by Japan’s Nippon Export and Investment Insurance (NEXI). Petrobras said the loan will finance the…