By Reshmi Basu
New York, Sept. 29 - Petrobras International Finance Co. sold $500 million of 10-year notes (Baa2//BB+) at 99.557 with a 6 1/8% coupon to yield 6.185%, according to a statement filed with the U.S. Securities and Exchange Commission.
Proceeds will be used for general corporate purposes.
The company is a subsidiary of Petroleo Brasileiro, a state-run oil company.
Morgan Stanley and UBS ran the Rule 144A and Regulation S transaction.
| Issuer: | Petrobras International Finance Co.
|
| Amount: | $500 million
|
| Issue: | Notes
|
| Maturity: | Oct. 6, 2016
|
| Coupon: | 6 1/8%
|
| Issue price: | 99.557
|
| Yield: | 6.185%
|
| Spread: | 155 basis points over Treasuries
|
| Redemption option: | Make-whole provision at Treasuries plus 25 bps
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 6
|
| Bookrunners: | Morgan Stanley, UBS
|
| Ratings: | Moody's: Baa2
|
| Fitch: BB+
|
| Distribution: | Rule 144A and Regulation S
|
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