By Aaron Hochman-Zimmerman
New York, Jan. 8 - Petroleo Brasileiro SA (//BBB-) reopened its 5 7/8% 10-year global notes for $750 million, pricing the add on at 100.113, according to a market source.
The price brought a spread of 205 basis points over Treasuries.
Citigroup and HSBC acted as bookrunners for the deal, which was sold via financing vehicle Petrobras International Finance Co. BNP Paribas was co-manager.
The bonds have a make-whole call at Treasuries plus 25 bps.
Proceeds from the sale will be used for general corporate purposes, which may include the repayment of debt.
The original $1 billion offering was priced on Oct. 30, 2007.
Petrobras is a Rio de Janeiro-based government-run oil producer.
| Issuer: | Petrobras International Finance Co. (Petroleo Brasileiro SA)
|
| Amount: | $750 million (total size now $1.75 billion)
|
| Issue: | 10-year global notes
|
| Maturity: | March 1, 2018
|
| Coupon: | 5 7/8%
|
| Price: | 100.113
|
| Spread: | Treasuries plus 205 bps
|
| Call: | Make whole at Treasuries plus 25 bps
|
| Bookrunners: | Citigroup, HSBC
|
| Pricing date: | Jan. 8
|
| Ratings: | Fitch: BBB-
|
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