Petrobras Issues $1.5B in Global Notes in Intl Capitals Market

Petrobras, through its wholly-owned subsidiary Petrobras International Finance Company ("PifCo"), completed the issuance of $1.5 billion in global notes due March 15 2019 yesterday. The demand was 3.5 times higher than the final volume and the notes were distributed to over 230 investors, most of whom dedicated to high grade fixed income markets. The funds will be used for general corporate purposes, including the financing of the Company's Business Plan.

This was the first issuance of a Brazilian company since July 2008, when the effects of the international financial crises exacerbated. Also, it was the first one coordinated by the banks that granted Petrobras a two-year bridge loan funding. During this period, the company may extend the funding by issuing bonds in the international capitals market, as announced during the release of the 2009-2013 Business Plan.