IFLR1000

Caixa Econômica Federal $1.9 billion secondary share offer

26/6/2019
Share offer
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$ 1.9 billion

Announced

26/6/2019

Overview:

  • Caixa Econômica Federal issued $1.9 billion worth of Petrobras's shares which allowed it to sell its 3.24% stake in Petrobras.
  • Caixa Econômica Federal, UBS Securities, Morgan Stanley and BofA Securities acted as global coordinators and joint bookrunners, and XP Securities acted as joint bookrunner.

Rani Mehta - Latin America Editor

Jurisdiction:

Brazil

Deal type:

Share offer

Practice area:

Capital markets : Equity

Industry sector:

Oil and gas

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Caixa Econômica Federal (Issuer)

Party: Petrobras (Issuer)

Lefosse

Party: Caixa Econômica Federal (Issuer)

White & Case

Party: Caixa Econômica Federal (Global coordinator, Joint bookrunner)

Party: UBS (Global coordinator, Joint bookrunner)

Party: Morgan Stanley (Global coordinator, Joint bookrunner)

Party: BofA Merrill Lynch (Global coordinator, Joint bookrunner)

Party: XP Securities (Joint bookrunner)

Lawyers: Donald Baker, John Guzman, John Vetterli

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