PBR » Topics » c) Notes Buyback

This excerpt taken from the PBR 6-K filed Mar 4, 2008.

c) Notes Buyback

On July 24, 2006 PifCo, a wholly-owned subsidiary of Petrobras, concluded the buyback tender for five series of notes it issued to the amount of US$ 888 million. Taking into consideration notes bought back by Petrobras and PiFCo in the past financial years, the operation entails the amount of US$ 1.215 million.

This excerpt taken from the PBR 6-K filed Nov 17, 2006.

Notes Buyback

On July 24, 2006 PIFCo concluded the buyback tender for five series of notes it issued to the amount of US$ 888 million. If the notes bought back by PETROBRAS and PIFCo in the past are considered, the operation entails the amount of US$ 1.215 million.

The notes buyback was only made possible by using company funds and in addition to lowering PETROBRAS’ total indebtedness, it enabled it to optimize its cash balance.

EXCERPTS ON THIS PAGE:

6-K
Mar 4, 2008
6-K
Nov 17, 2006
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