Petrobras has revealed the details of its proposed share issue later this month, set to raise as much as R$55bn ($32bn) from minority shareholders in a much-needed boost to its chances of fulfilling its ambitious $224bn capital expenditure plan for 2010 to 2014.

The offer is likely to be the biggest of its kind in global corporate history. (The details, in Portuguese only, are available here.) Yet Petrobras could easily find itself soon coming back to capital markets for more. Continue reading »