Petrobras to price add-on to 5.6% dollar-denominated notes due 2031

By Marisa Wong

Los Angeles, Oct. 13 – Petroleo Brasileiro SA – Petrobras plans to issue 5.6% global notes due Jan. 3, 2031 through wholly owned subsidiary Petrobras Global Finance BV, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be consolidated, form a single series and be fully fungible with the $1.5 billion 5.6% notes due 2031 issued on June 3.

BofA Securities, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc. are the joint bookrunners.

Proceeds from the tap issue will be used to purchase notes under concurrent tender offers. Any remaining proceeds will be used for general corporate purposes.

Petrobras is an oil and gas company based in Rio de Janeiro.

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