Petrobras – Investor Relations

Petrobras

Investor Relations

Emissão de US$ 1 bilhão em Global Notes com Vencimento em 2018

(Rio de Janeiro, November 1, 2007). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that through its wholly owned subsidiary Petrobras International Finance Company (PIFCo) it concluded the issuance of U.S.$ 1 billion of Senior Unsecured Global Notes due March 01, 2018, in the international capital market, under the following terms:

·  Coupon: 5.875% p.a.
·  Yield to Maturity: 6.059% p.a.
·  Spread to Benchmark Treasury: + 167 basis points
·  Public Offering Price: 98.612%
·  Maturity: March 1, 2018
·  Amount: US$1,000,000,000
·  Interest Payment Dates: March 1 and September 1 of each year, commencing on March 1, 2008
·  Ratings: Baa1 (Moody’s); BBB-  (S&P); BBB-  (Fitch)
·  Joint Bookrunners: Citigroup Global Markets, UBS Securities
·  Co-Manager: Banco Itaú Europa

This bond offering forms part PETROBRAS’S ongoing efforts to access long-term debt capital markets, refinance prepayments of maturing debt, and reduce the cost of capital.  The offering was widely distributed to more than 120 accounts, primarily high grade fixed income investors. 

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