This excerpt taken from the PBR 6-K filed Jan 11, 2008.
$750 million issue of Global Notes
(Rio de Janeiro, January 11, 2008). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that today, via its wholly owned subsidiary PETROBRAS INTERNATIONAL FINANCE COMPANY (PIFCo), it completed an issue, reopening the Global Note-type bond in the international capital market due on March 1 2018, in the unsecured non-subordinated senior debt format and with the following characteristics:
This reopening will constitute a single issue fungible with the $1,000,000,000 launched on November 1 2007. In total, there will be $1,750,000,000 in issued bonds due on March 1 2018.
The issue represents the lowest historical cost of a Brazilian company in the debt market in Dollars, it is part of Petrobras liability management, and consolidates the companys strategy of remaining present in the market of investors dedicated to fixed income bonds issued by investment grade companies.
This document may contain forecasts that merely reflect the expectations of the Companys management. Such terms as anticipate, believe, expect, forecast, intend, plan, project, seek, should, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 11, 2008
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.