Summary by Moomoo AI
Petrobras Global Finance B.V., a wholly-owned subsidiary of Petróleo Brasileiro S.A. — Petrobras, has announced the issuance of U.S.$1,000,000,000 6.000% Global Notes due 2035. The Notes, unconditionally guaranteed by Petrobras, are general, unsecured, unsubordinated obligations and will mature on January 13, 2035, with interest payable semi-annually. The Notes are expected to be listed on the New York Stock Exchange. Interest on the Notes is payable on January 13 and July 13 of each year, beginning January 13, 2025. PGF may redeem the Notes in whole or in part before maturity under certain conditions. The offering is subject to customary closing conditions and is expected to settle on or about September 13, 2024. The net proceeds from the sale of the Notes will be used to repurchase PGF's existing notes and for general corporate purposes. The underwriters for the offering are BofA Securities, Bradesco BBI, HSBC, J.P. Morgan, Mizuho, and Morgan Stanley.