Brazil’s Petrobras to issue new notes as part of tender offer

By Christine Van Dusen

Atlanta, Jan. 9 – Brazil’s Petroleo Brasiliero SA (Petrobras) is planning to issue new notes via Petrobras Global Finance BV as part of a tender offer, according to a company filing.

Banco Bradesco BBI, Citigroup, HSBC, Itau BBA and Morgan Stanley are the joint bookrunners for the deal.

The proceeds will be used to fund tender offers for several series of notes. Petrobras Global Finance is offering to pay up to $2 billion, excluding interest.

The remaining proceeds will be used for general corporate purposes.

Petrobras is an energy company based in Rio de Janeiro.

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