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Pricing of Global Notes

 

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Rio de Janeiro, May 13th, 2013 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of 3, long 5, 10 and 30 year fixed and 3 and long 5 year floating rate Global Notes denominated in U.S Dollars (U.S.$) issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and unconditionally and irrevocably guaranteed by Petrobras in a SEC-registered offering. Closing is expected to occur on May 20, 2013.

The terms of the 2016 Fixed Rate Notes are as follows:

• Issue: 2.000% PGF Global Notes due 2016
• Amount: U.S.$ 1,250,000,000
• Coupon: 2.000%
• Interest Payment Dates: May 20 and November 20, each year, commencing on November 20, 2013
• Yield to Investors: 2.144%
• Maturity: May 20, 2016
• Issue price: 99.584%


The terms of the 2016 Floating Rate Notes are as follows:

• Issue: U.S.$ 1,000,000,000 PGF Floating Rate Global Notes due 2016
• Amount: U.S.$ 1,000,000,000
• Coupon: 3-month USD LIBOR + 162 bps
• Interest Payment Dates: February 20, May 20, August 20 and November 20, each year, commencing on August 20, 2013
• Maturity: May 20, 2016


The terms of the 2019 Fixed Rate Notes are as follows:

• Issue: 3.000% PGF Global Notes due 2019
• Amount: U.S.$ 2,000,000,000
• Coupon: 3.000%
• Interest Payment Dates: January 15 and July 15, each year, commencing on January 15, 2014
• Yield to Investors: 3.125%
• Maturity: January 15, 2019
• Issue price: 99.352%


The terms of the 2019 Floating Rate Notes are as follows:

• Issue: U.S.$ 1,500,000,000 PGF Floating Rate Global Notes due 2019
• Amount: U.S.$ 1,500,000,000
• Coupon: 3-month USD LIBOR + 214 bps
• Interest Payment Dates: January 15, April 15, July 15, and October 15, each year, commencing on July 15, 2013
• Maturity: January 15, 2019


The terms of the 2023 Fixed Rate Notes are as follows:

• Issue:4.375% PGF Global Notes due 2023
• Amount: U.S.$ 3,500,000,000
• Coupon: 4.375%
• Interest Payment Dates: May 20 and November 20, each year, commencing on November 20, 2013
• Yield to Investors: 4.522%
• Maturity: May 20, 2023
• Issue price: 98.828%


The terms of the 2043 Fixed Rate Notes are as follows:

• Issue: 5.625% PGF Global Notes due 2043
• Amount: U.S.$ 1,750,000,000
• Coupon: 5.625%
• Interest Payment Dates: May 20 and November 20, each year, commencing on November 20, 2013
• Yield to Investors: 5.764%
• Maturity: May 20, 2043
• Issue price: 98.027%


The proceeds will be used to fund Petrobras 2013-2017 Business Plan and for general corporate purposes.

BB Securities Ltd., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC are the joint bookrunners for the transaction and Mitsubishi UFJ Securities (USA), Inc. and Standard Chartered Bank are the co-managers.

This press release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. PGF and Petrobras have filed a registration statement, including a prospectus with the U.S. Securities and Exchange Comission (SEC). Before you invest, you should read the prospectus in that registration statement and other documents Petrobras and PGF have filed with the SEC for more complete information about the companies and the offering. You may access the documents by visiting EDGAR on the SEC Web site at http://www.sec.gov/. Alternatively, a copy of the prospectus and prospectus supplement may be obtained by contacting BB Securities Ltd. collect at 44-20-7367-5800, Citigroup Global Markets Inc. collect at 800-831-9146, HSBC Securities (USA) Inc. at 1-866-811-8049, Itau BBA USA Securities, Inc. toll free in the United States at 1-888-770-4828, J.P. Morgan Securities LLC collect at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, or Morgan Stanley & Co. toll free at 1-866-718-1649.


 

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