Petrobras announces that it closed today a US$ 4 billion issuance of 5 and 10 year notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and constitute general senior unsecured and unsubordinated obligations of PGF that are unconditionally and irrevocably guaranteed by Petrobras.
Petrobras reports that the Company’s average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above the results for the prior year and in line with the 2,145 thousand bpd target forecast for the period. For the second year in a row, the company has met forecast plans, reinforcing its commitment to the predictability of its projections.
Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras. Closing is expected to occur on January 17, 2017.
Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), plans to offer global notes in one or more series (the “Notes”), subject to market and other conditions.
Petrobras hereby clarifies that it assesses the recoverability of assets annually on December 31, or whenever there is an indication of devaluation. For certain assets, this indication was confirmed in September 2016, due to changes in the context of the new Business and Management Plan (PNG 2017-2021) for the company, which was completed and approved in the 3Q 2016.
Petrobras, further to the Material Fact disclosed on July 22, 2016, informs that it has completed, today, the sale of 100% of Petrobras Chile Distribuición Ltda (“PCD”) to the Southern Cross Group.
Petrobras informs that it closed yesterday (December 28), the sale of 100% of the shares in Nansei Sekiyu (“NSS”) to Taiyo Oil Company (“Taiyo”).
Petrobras informs that William Baghdassarian, member of the Audit Committee, submitted yesterday his resignation to the post, effective on January 1, 2017, for personal reasons.
Petrobras informs that, in a meeting held today, its Board of Directors approved the signing of the agreement for the sale of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”) to Grupo Petrotemex S.A. de C.V. and Dak Americas Exterior, S.L, both subsidiaries of Alpek , S.A.B. de C.V. (“Alpek”).
Petrobras informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) celebrated on this date with Tereos Participations SAS, a company under French group Tereos, the Agreement for Purchase and Sale of Shares (“Contrato de Compra e Venda de Ações e Outras Avenças”), to sell the whole of its interest in Guarani S.A., corresponding to 45.97% of the company capital, for the amount of US$ 202 million.