Petrobras buys back global bonds through PGF

Petrobras announced that it will repurchase US$2.1 billion in global bonds through its wholly-owned subsidiary, Petrobras Global Finance. Another $21.4 million is still subject to validation by the company. The announcement was made on Wednesday (9).

The amount refers to the principal volume of the debt, excluding capitalized and unpaid interest. The state-owned company also reported that the total volume offered by investors exceeded the $2.5 billion ceiling set for the buyback operation. Therefore, the volume of some titles was not accepted. The payment to investors who have had their bonds accepted is scheduled to take place next Friday (11).

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