By Aaron Hochman-Zimmerman
New York, Feb. 4 - Petroleo Brasileiro SA priced $1.5 billion 10-year global bonds with a coupon of 7 7/8% at 98.28 to yield 8 1/8% (Baa1/BBB/BBB), according to a market source.
The deal came at the tight end of talk for a yield in the 8¼% area.
HSBC, JPMorgan and Santander acted as bookrunners for the deal.
Petrobras is a Rio de Janeiro, Brazil-based government-run energy firm.
Issuer: Petroleo Brasileiro SA
Issue: 10-year global bonds
| Amount: | $1.5 billion
|
| Maturity: | March 15, 2019
|
| Coupon: | 7 7/8%
|
| Price: | 98.28
|
| Yield: | 8 1/8%
|
| Bookrunners: | HSBC, JPMorgan, Santander
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 11
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Price talk: | 8 1/8%
|
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