Summary by Moomoo AI
Petroleo Brasileiro SA Petrobras (Petrobras), a Brazilian state-controlled oil company, has announced the issuance of its U.S. dollar-denominated Global Notes due 20, guaranteed by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The notes are general, unsecured, unsubordinated obligations of PGF, with interest payable semi-annually. The offering is not registered in Brazil and is aimed at international investors, including those in the United States. The notes will be listed on the New York Stock Exchange (NYSE). The proceeds from the sale are intended to repurchase existing notes and for general corporate purposes. The issuance is subject to customary closing conditions and the completion of the tender offers for the old notes. The underwriters for the offering are BofA Securities, Bradesco BBI, HSBC, J.P. Morgan, Mizuho, and Morgan Stanley. The announcement also details the tax implications for U.S., Brazilian, and Dutch investors, as well as the difficulties of enforcing civil liabilities against non-U.S. persons.
