Petrobras
Prices Global Notes
Rio de Janeiro,
October 23, 2009 � PETR�LEO BRASILEIRO S/A � PETROBRAS announces the pricing
of 10-year notes and 30-year notes issued by its wholly owned subsidiary Petrobras International Finance Company (�PifCo�) in a multi-tranche SEC-registered offering.
The terms of the 2020
Notes are as follows:
� Issue: 5.75% PifCo Global Notes due 2020
� Amount:
US$2,500,000,000
� Coupon: 5.75%
� Interest Payment
Dates: January 20 and July 20 of each year, commencing on January 20, 2010
� Yield to Investors:
5.875%
� Maturity: January
20, 2020
� Ratings: Baa1
(Moody�s); BBB - (S&P); BBB (Fitch)
The terms of the 2040
Notes are as follows:
� Issue: 6.875% PifCo Global Notes due 2040
� Amount:
US$1,500,000,000
� Coupon: 6.875%
� Interest Payment
Dates: January 20 and July 20 of each year, commencing on January 20, 2010
� Yield to Investors:
7.00%
� Maturity: January
20, 2040
� Ratings: Baa1
(Moody�s); BBB - (S&P); BBB (Fitch)
Citigroup Global
Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc. and
Santander Investment Securities Inc. are the joint lead managers for the
transaction and BB Securities Ltd. and SG Americas Securities, LLC are the
co-managers. Closing is expected to occur on October 30, 2009.
In accordance with the
2009-2013 Business Plan, Petrobras will use the
proceeds of this multi-tranche offering to repay the bridge loans incurred at
the beginning of this year, and for general corporate purposes. Including
this offering, Petrobras will have raised a total
of U.S.$6.75 billion in the international capital
markets in 2009.
This press release is
neither an offer to sell nor a solicitation of an offer to buy the securities
described herein, nor shall there be any sale of
these securities in any jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering is being made only by
means of a prospectus supplement and the accompanying prospectus, a copy of
which may be obtained by contacting Citigroup Global Markets Inc., 388
Greenwich Street, New York, NY 10013, at 1-877-858-5407, toll free in the
United States; HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, New
York 10018, collect at 1-212-525-4102; J.P. Morgan Securities Inc., 270 Park
Avenue, New York, New York 10017, at 1-866-846-2874, toll free in the United
States; or Santander Investment Securities Inc., 45 East 53rd Street, New
York, New York 10022, collect at 1-212-407-0995.
Alternatively, the
prospectus and prospectus supplement may be obtained by visiting EDGAR on the
SEC Web site at http://www.sec.gov/.
Sincerely,
Investors Relations
www.petrobras.com.br/ri/english
Contacts: PETR�LEO BRASILEIRO S. A. - PETROBRAS
Investor Relations Department I E-mail: petroinvest@petrobras.com.br /
acionistas@petrobras.com.br
Av. Rep�blica do Chile,
65 � 22nd floor - 20031-912 - Rio de
Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947
This document may
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (Securities Act), and Section 21E of the
Securities Exchange Act of 1934, as amended (Exchange Act) that merely
reflect the expectations of the Company�s management. Such terms as
�anticipate�, �believe�, �expect�, �forecast�, �intend�, �plan�, �project�,
�seek�, �should�, along with similar or analogous expressions, are used to
identify such forward-looking statements. These predictions evidently involve
risks and uncertainties, whether foreseen or not by the Company. Therefore,
the future results of operations may differ from current expectations, and
readers must not base their expectations exclusively on the information
presented herein.
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