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Brazil’s Petrobras to redeem three series of global notes due 2018
New York, May 15 – Petroleo Brasileiro SA – Petrobras plans to redeem three series of global notes due 2018 issued by Petrobras Global Finance BV using proceeds from a three-tranche sale of new global notes.
The notes to be redeemed are Petrobras’ 2¾% global notes due January 2018, 5 7/8% global notes due March 2018 and 4 7/8% global notes due March 2018.
Petrobras Global Finance plans to issue a notice of redemption after the sale of the new notes closes, and the settlement date of the redemption will be between 30 and 60 days later.
Petrobras is a Rio de Janeiro-based oil and gas company.
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