PBR Petroleo Brasileiro ADR

International stocks trading in New York closed mostly lower on Monday.

The BNY Mellon index of American depositary receipts eased 0.23% to 128.66. The European index edged down 0.31% to 130.00, the Asian index edged up 0.11% to 133.00, the Latin American index fell 0.98% to 163.47 and the emerging markets index declined 0.30% to 212.16. Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) was among the companies with ADRs that traded actively.

Brazil's state oil company unveiled details of its debentures issue, which is expected to raise at least 3 billion reais ($769 million). The first of three series of debentures will carry an annual interest rate of up to 1.85 percentage points over the interbank rate, or DI, which is at about 15%. Petrobras's ADRs fell 2.7% to $4.34.

Brazil's currency closed at the weakest level ever against the dollar Monday as raging economic and political crises increased the odds of the country losing its investment-grade credit rating from yet another ratings company. Among Brazilian companies with ADRs that declined, GOL Linhas Aereas Inteligentes SA (GOL, GOLL4.BR) fell 8.85% to $1.03, Banco Bradesco SA (BBDO, BBD, BBDC4.BR) declined 3.3% to $6.22 and Itau Unibanco Holding SA (ITUB, ITUB4.BR, ITUB3.BR) decreased 2.3% to $6.79.

Suncor Energy Inc. agreed to boost its stake in the Fort Hills oil-sands project in Alberta to 50.8% by acquiring a 10% stake from project partner Total SA (TOT, FP.FR) for 310 million Canadian dollars (US$235 million). For Total, the sale is part of a vast program to sell not-so-profitable assets to raise cash as the company grapples with low oil prices. Total's ADRs fell 1.4 % to $45.55.

Write to Tess Stynes at tess.stynes@wsj.com

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(END) Dow Jones Newswires

September 21, 2015 17:31 ET (21:31 GMT)

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