This excerpt taken from the PBR 6-K filed Mar 18, 2008.
On January 11, 2008, PifCo issued Senior Global Notes in the amount of U.S.$750 million in the international capital market. The Notes are fully fungible with PifCos outstanding U.S.$ 5.875% Global Notes issued on November 1, 2007 due March 1 ,2018. The Notes bear interest at the rate of 5.875% per annum, payable semiannually, beginning on March 1, 2008. The purpose of this issue was to access long-term debt capital markets, refinance prepayments of maturing debt and reduce the cost of capital.