IFLR1000

Petrobras $750 million 5.75% and $2.25 billion 6.9% notes issue

29/3/2019
High-yield bond/note issue
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$ 2.95 billion

Announced

29/3/2019

Overview:

  • Petrobras, a Brazilian oil company, has issued $750 million 5.75% notes due 2029 and $2.25 billion 6.9% notes due 2049.  
  • Petrobras will use the funds raised from the notes offer to repurchase 10 different series of its outstanding notes.
  • Banco Bradesco, BNP Paribas Securities, Citigroup Global Markets, Goldman Sachs, HSBC Securities, Santander Investment Securities acted as joint book-running managers and dealer-mangers.
  • ABN AMRO Securities, BBVA Securities and Commerz Markets acted as co-managers and co-dealer managers. 

Rani Mehta - Latin America Editor 

 

 

Jurisdiction:

Brazil

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Oil and gas

Firms:
A&O Shearman

Party: Banco Bradesco (Joint bookrunner)

Party: BNP Paribas Securities (Joint bookrunner)

Party: Citigroup Global Markets (Joint bookrunner)

Party: Goldman Sachs (Joint bookrunner)

Party: HSBC Securities (Joint bookrunner)

Party: Santander Investment (Manager)

Party: ABN Amro (Manager)

Party: BBVA (Manager)

Party: Commerz Markets (Manager)

Cleary Gottlieb Steen & Hamilton

Party: Petrobras (Issuer)

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