By Mary-Katherine Stinson
Lexington, Ky., June 27 – Petroleo Brasileiro SA – Petrobras priced $1.25 billion of 6˝% global notes due July 3, 2033 through wholly owned subsidiary Petrobras Global Finance BV (Ba1/BB-/BB-), according to an FWP and 6-K filings with the Securities and Exchange Commission.
The notes, which are guaranteed by the parent, priced at 99.096 to yield 6 5/8%.
The SEC-registered notes have an optional make-whole call before April 3, 2033 at Treasuries plus 45 bps, followed by a par call option.
Banco BTG Pactual SA – Cayman Branch, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc., MUFG Securities Americas Inc., Santander US Capital Markets LLC, Scotia Capital (USA) Inc. and UBS Securities LLC are the joint bookrunners.
Proceeds from the issue will be for general corporate purposes, which could include debt repayment.
The notes are expected to be listed on the New York Stock Exchange.
Petrobras is an oil and gas company based in Rio de Janeiro.
| Issuer: | Petrobras Global Finance BV
|
| Guarantor: | Petroleo Brasileiro SA – Petrobras
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| Amount: | $1.25 billion
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| Issue: | Senior global notes
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| Maturity: | July 3, 2033
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| Bookrunners: | Banco BTG Pactual SA – Cayman Branch, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc., MUFG Securities Americas Inc., Santander US Capital Markets LLC, Scotia Capital (USA) Inc. and UBS Securities LLC
|
| Trustee: | Bank of New York Mellon
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| Counsel to issuer: | In-house counsel, NautaDutilh NV (Dutch law) and Gottlieb Steen & Hamilton LLP (New York law)
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| Counsel to bookrunners: | Pinheiro Neto Advogados (Brazilian law) and Shearman & Sterling LLP (New York law)
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| Coupon: | 6˝%
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| Price: | 99.096
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| Yield: | 6 5/8%
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| Call features: | Make-whole call before April 3, 2033 at Treasuries plus 45 bps; after at par
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| Pricing date: | June 26
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| Settlement date: | July 3
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| Ratings: | Moody’s: Ba1
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| S&P: BB-
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| Fitch: BB-
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| Distribution: | SEC registered
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| Cusip: | 71647NBK4
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