By Aaron Hochman-Zimmerman
New York, Oct. 30 - Petroleo Brasileiro SA priced $1 billion of 10-year senior unsecured notes (Baa1/BBB-/BBB-) to yield Treasuries plus 167 basis points, according to a term sheet.
The deal priced on top of talk, which had been tightened from the Treasuries plus 170 bps area.
The 5 7/8% notes came at 98.612 to yield 6.059%. They mature on March 1, 2018.
Citigroup and UBS are bookrunners for the registered offering form the Sao Paulo, Brazil-based oil producer.
| Issuer: | Petroleo Brasileiro SA
|
| Amount: | $1 billion
|
| Issue: | 10-year senior unsecured notes
|
| Maturity: | March 1, 2018
|
| Coupon: | 5 7/8%
|
| Price: | 98.612
|
| Yield: | 6.059%
|
| Spread: | Treasuries plus 167 bps
|
| Bookrunners: | Citigroup, UBS
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 1
|
| Distribution: | Off shelf
|
| Rating: | Moody's: Baa1
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Price talk: | Treasuries plus 167 bps
|
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