New Issue: Brazil’s Petrobras prices R$3.6 billion debentures in three series

By Marisa Wong

Morgantown, W.Va., Feb. 4 – Petroleo Brasileiro SA announced that it completed the bookbuilding process for its sixth issuance of simple non-convertible debentures. The R$3.6 billion of debentures will be allocated across three series, according to a 6-K filing with the Securities and Exchange Commission.

Petrobras priced

• $898,397,000 of first series incentive debentures due Jan. 15, 2026 with a rate of IPCA plus 404.6 basis points;

• $1,694,089,000 of second series incentive debentures due Jan. 15, 2029 with a rate of IPCA plus 421.86 bps; and

• $1,007,514,000 of third series non-incentive debentures due Jan. 15, 2026 with a rate equal to 106.25% of CDI.

The offering will settle on Feb. 12.

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

Issuer:	Petroleo Brasileiro SA
Issue:	Simple non-convertible debentures
Amount:	R$3.6 billion
Settlement date:	Feb. 12
First series
Type:	Incentive debenture
Amount:	$898,397,000
Maturity:	Jan. 15, 2026
Coupon:	IPCA plus 404.6 bps
Second series
Type:	Incentive debenture
Amount:	$1,694,089,000
Maturity:	Jan. 15, 2029
Coupon:	IPCA plus 421.86 bps
Third series
Type:	Non-incentive debenture
Amount:	$1,007,514,000
Maturity:	Jan. 15, 2026
Coupon:	106.25% of CDI

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.