This excerpt taken from the PBR 6-K filed Mar 31, 2009.
On February 11, 2009, Petrobras International Finance Company (PifCo), a wholly owned subsidy of Petrobras, completed the issue of US$ 1,5 billion Global Notes on the international capitals market, with maturity on March 15, 2019, an interest rate of 7,875% p.a. and half-yearly payment of interest as from September 1, 2009. The funds raised will be used for general corporate purposes, including financing the Petrobras Business Plan 2009-2013.
This financing had issuing costs estimated at US$ 6 million, a premium of US$ 26 million and an effective tax rate of 8,187% p.a. Global Notes constitute unsecured and unsubordinated obligations for PifCo and have the complete, unconditional guarantee of Petrobras.
This excerpt taken from the PBR 6-K filed Sep 29, 2006.
The following table contains the consolidated ratios of earnings to fixed charges of PIFCo for the periods indicated determined in accordance to US GAAP:
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