Petrobras Plans to Issue Global Securities

Petrobras has mandated Citi, HSBC, J.P. Morgan and Santander as joint lead managers and Banco do Brasil and Societe Generale as co-managers, on a benchmark USD-denominated multi-tranche SEC registered offering, to be issued by Petrobras' wholly owned subsidiary Petrobras International Finance Company (PifCo).

The transaction is part of Petrobras' strategy to exchange the bridge loans borrowed at the beginning of the year for long-term debt in the capital markets. It will be launched subject to market conditions.