Petrobras announces issuance of subsidiary securities

An announcement by Petrobras, made last Tuesday (13), reported the claim to reopening PGF 5.60% Global Notes securities, with maturity in January 2031, for a new issue of the subsidiary of the state-owned company, Petrobras Global Finance.

According to the state, the action is still "subject to the conditions market", since the additional securities will be issued with a guarantee total and unconditional information of Petrobras. In addition, the company also announced the beginning of a bond repurchase offer by the PGF subsidiary.

In addition, the transaction will be limited to an amount of 2 billion of dollars, and the repurchase offer will expire at 5 p.m. next Sunday (18). It is noteworthy that the offer will be conducted by BofA, Deutsche Bank, HSBC, Itau BBA USA, J.P. Morgan, Santander Investment Securities and Scotia Capital.


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