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PBR » Topics » 20.4. Early Repayment by Termobahia to the IDB

This excerpt taken from the PBR 6-K filed Nov 21, 2007.

20.4. Early Repayment by Termobahia to the IDB

On May 15,2007, Termobahia made early repayment of its debt with the Inter-American Development Bank (IDB), corresponding to the principal and interest, using funds in the amount of R$ 300.000 thousand, which came from its shareholder Petrobras.

The decision to make early repayment was based on the fact that the interest rates were higher than the current rates.

This excerpt taken from the PBR 6-K filed Aug 21, 2007.

20.7. Early Repayment by Termobahia to the IDB

On May 15,2007, Termobahia made early repayment of its debt with the Inter-American Development Bank (IDB), corresponding to the principal and interest, using funds in the amount of R$ 300 million, which came from its shareholder Petrobras.

Initially the amortization of the IDB loan was made in 144 installments (loan A) and 120 installments (loan B). The decision to make early repayment was based on the fact that the interest rates were higher than the current rates.

EXCERPTS ON THIS PAGE:

6-K
Nov 21, 2007
6-K
Aug 21, 2007

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