Rio de Janeiro , February 5, 2008). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, wishes to clarify a report in the newspaper Valor Econômico entitled Petrobras envisages the issue of up to R$ 45 billion in shares up to 2013, as well as other newspaper reports on a new international bond issue.
During the course of the preparation of the Business Plan 2009-2013, different scenarios of price, investments and funding were studied. Among the funding alternatives, there were simulations which included the possibility of a share issue. However, the Business Plan approved on January 23 2009 by Petrobras Board of Directors and widely announced, envisages no such share issue.
As to reports that Petrobras has issued bonds in the international market, the Company informs that its wholly owned subsidiary Petrobras International Finance Company (PIFCo) concluded yesterday (February 4 2009) the pricing process for U.S.$ 1,5 billion of Senior Unsecured Global Notes due March 15, 2019, in the international capital market, under the following terms:
Coupon: 7.875% a.a.
Yield to Maturity: 8.125%
Maturity: March 15, 2019
Ratings: Baa1(Moodys); BBB (S&P); BBB (Fitch)
Joint Bookrunners: HSBC, JP Morgan & Santander
Co-Manager: Citi & Banco do Brasil
After the closing of the deal, due to February 11, Petrobras will complement the information regarding the bond issue. This operation was the first one coordinated by the institutions which guaranteed to Petrobras a 2 years bridge loan funding until the company could better access the capital markets, via long term bond issues, as announced during the release of the Business Plan 2009-2013.