Petrobras – Investor Relations


Investor Relations

Petrobras precifica títulos ("Global Notes")

Rio de Janeiro, October 23, 2009 – PETRÓLEO BRASILEIRO S/A – PETROBRAS announces the pricing of 10-year notes and 30-year notes issued by its wholly owned subsidiary Petrobras International Finance Company (“PifCo”) in a multi-tranche SEC-registered offering.

The terms of the 2020 Notes are as follows:

· Issue: 5.75% PifCo Global Notes due 2020

· Amount: US$2,500,000,000

· Coupon: 5.75%

· Interest Payment Dates: January 20 and July 20 of each year, commencing on January 20, 2010

· Yield to Investors: 5.875%

· Maturity: January 20, 2020

· Ratings: Baa1 (Moody’s); BBB - (S&P); BBB (Fitch)

The terms of the 2040 Notes are as follows:

· Issue: 6.875% PifCo Global Notes due 2040

· Amount: US$1,500,000,000

· Coupon: 6.875%

· Interest Payment Dates: January 20 and July 20 of each year, commencing on January 20, 2010

· Yield to Investors: 7.00%

· Maturity: January 20, 2040

· Ratings: Baa1 (Moody’s); BBB - (S&P); BBB (Fitch)

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc. and Santander Investment Securities Inc. are the joint lead managers for the transaction and BB Securities Ltd. and SG Americas Securities, LLC are the co-managers. Closing is expected to occur on October 30, 2009.

In accordance with the 2009-2013 Business Plan, Petrobras will use the proceeds of this multi-tranche offering to repay the bridge loans incurred at the beginning of this year, and for general corporate purposes. Including this offering, Petrobras will have raised a total of U.S.$6.75 billion in the international capital markets in 2009.

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. The offering is being made only by means of a prospectus supplement and the accompanying prospectus, a copy of which may be obtained by contacting Citigroup Global Markets Inc., 388 Greenwich Street, New York, NY 10013, at 1-877-858-5407, toll free in the United States; HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, New York 10018, collect at 1-212-525-4102; J.P. Morgan Securities Inc., 270 Park Avenue, New York, New York 10017, at 1-866-846-2874, toll free in the United States; or Santander Investment Securities Inc., 45 East 53rd Street, New York, New York 10022, collect at 1-212-407-0995.

Alternatively, the prospectus and prospectus supplement may be obtained by visiting EDGAR on the SEC Web site at

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