Petrobras – Investor Relations


Investor Relations

$750 million issue of Global Notes

(Rio de Janeiro, January 11, 2008). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that today, via its wholly owned subsidiary PETROBRAS INTERNATIONAL FINANCE COMPANY (“PIFCo”), it completed an issue, reopening the Global Note-type bond in the international capital market due on March 1 2018, in the unsecured non-subordinated senior debt format and with the following characteristics:

·          Volume: $750,000,000

·          Coupon: 5.875% p.a.

·          Yield for the investor: 5.860% p.a.

·          Spread for the American Treasury Bond: 205 basis points

·          Issuing Price: 100.113% (plus interest incurred from 11/01/2007 to 01/11/2008)

·          Due date: March 1 2018

·          Interest Payment Date: March 1 and September 1 each year, beginning on March 1 2008

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

·          Underwriters: Citigroup Global Markets, HSBC Securities (USA) Inc.

·          Co-Manager: BNP Paribas

This reopening will constitute a single issue fungible with the $1,000,000,000 launched on November 1 2007. In total, there will be $1,750,000,000 in issued bonds due on March 1 2018. 

The issue represents the lowest historical cost of a Brazilian company in the debt market in Dollars, it is part of Petrobras’ liability management, and consolidates the company’s strategy of remaining present in the market of investors dedicated to fixed income bonds issued by investment grade companies.

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