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PBR » Topics » 26.5. US$ 1 billion Global Notes issue

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

26.5. US$ 1 billion Global Notes issue

On November 01, 2007 Petrobras, through its wholly-owned subsidiary Petrobras International Finance Company (PifCo) concluded its bond issue of US$ 1 billion in senior debt, unsecured Global Notes on the international market, due March 01, 2018, with the following characteristics: (i) cupom of 5,875% p.a. (ii) yield of 6,059% p.a; and (iii) issue price of 98,612%. Interest will be paid on March 01 and September 01 of each year, with the first payout due March 01, 2008. This notes issuance is in line with Petrobras’ strategies to access the long-term capital markets, refinance the early repayment of old debts and reduce the cost of its capital. The offer was distributed to over 120 investors, the majority being high grade account investors.

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