Petrobras (“Petrobras”) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 5.299% Global Notes due 2025 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be December 27, 2024 (the “Redemption Date”).
Payment on the Notes will be made prior to 3:00 pm New York City time on the business day preceding the Redemption Date by credit to the account of The Bank of New York Mellon (the “Trustee”), the trustee and paying agent for the Notes.
The Trustee will cause funds to be paid to The Depositary Trust Company for further payment to its participants in the aggregate amount of US$606,700,716.24 (or approximately US$1,022.51 per US$1,000 principal amount of the Notes), which constitutes the redemption price for the Notes. The redemption price includes a make-whole premium of US$259,716.24 (or approximately US$0.43 per US$1,000 principal amount of the Notes). In addition to the redemption price, holders will receive accrued and unpaid interest on the principal amount of the Notes from July 27, 2024 to (but not including) the Redemption Date in the amount of US$13,389,711.91 (or approximately US$22.08 per US$1,000 principal amount of the Notes).
