Petrobras announces the pricing of a new global notes issue, in the total volume of US$ 1.25 billion, through its wholly-owned subsidiary Petrobras Global Finance B.V. - PGF.
The terms of the issue of the new global notes are as follows:
Issue: 6.5% Global Notes due 2033
Amount: US$ 1.25 billion
Coupon: 6.5% p.y.
Interest Payment Dates: January 3 and July 3 of each year, beginning January 3, 2024
Issue price: 99.096%
Yield to Investors: 6.625% p.y.
Maturity: July 03, 2033
The offering was registered with the U.S. Securities and Exchange Commission (SEC) and is fully and unconditionally guaranteed by Petrobras.
The net proceeds from the sale of the Notes will be used for general corporate purposes, which may include the repayment of existing debt.
