PETROBRAS We announce that we concluded today, through our wholly-owned subsidiary Petrobras Global Finance B.V. (PGF), the reopening of securities on the international capital market (Global Notes) for $4 billion, maturing in 2022, 2027, and 2044. The transaction was priced on May 15, 2017, as disclosed to the market.
The following table summarizes the main information regarding the issuing:
The transaction was carried out in just one day, with demand surpassing $20 billion, resulting from more than 900 orders originated by some 400 investors. The issue was the one with the lowest average cost to us since 2013, with investors concentrated mostly in North America (77%) and Europe (19%).
PGF intends to use the net proceeds from the sale of the securities for the early voluntary liquidation of the following securities:
- 5.875% Global Notes, in Dollars, due in March 2018
- 2.750% Global Notes, in Euros, due in January 2018
- 4.875% Global Notes, in Euros due in March 2018
The net proceeds will also be used refinance other debts and, if there are remaining funds, for general corporate purposes.
PETROBRAS - Petróleo Brasileiro SA published this content on 26 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 May 2017 19:16:21 UTC.
Original documenthttp://www.petrobras.com.br/en/news/we-have-completed-the-issuing-of-4-bn-in-securities.htm
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