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PBR » Topics » (*) At September 30, 2009 it included R$ 25.064.256 thousand in financing in local currency parameterized to the change in the US dollar.

This excerpt taken from the PBR 6-K filed Nov 19, 2009.

(*) At September 30, 2009 it included R$ 25.064.256 thousand in financing in local currency parameterized to the change in the US dollar.

The estimated fair values for long-term loans of the Parent Company and Consolidated at September 30, 2009 were R$ 22.870.280 thousand and R$ 80.627.350 thousand, respectively, calculated at the prevailing market rates, considering natures, terms and risks similar to the registered contracts, and they may be compared to the carrying values of R$ 22.076.942 thousand and R$ 79.236.816 thousand.

The hedges contracted for coverage of notes issued abroad in foreign currencies are disclosed in Notes 26.

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