(Petrobras, 22.Jan.2020) — Petrobras announced today that Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) has commenced an offering of up to 734,202,699 common shares, without par value, of Petrobras (the “Common Shares”), including Common Shares represented by American depositary shares, each of which represents two Common Shares (the “Common ADSs”), in a global offering that consists of:
(i) an international offering of Common Shares and Common ADSs in the United States and other countries outside Brazil, registered with the U.S. Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as amended; and
(ii) a concurrent public offering of Common Shares in Brazil pursuant to the Comissão de Valores Mobiliários (the “CVM”) Instruction 400 and other applicable legal provisions.
Petrobras also announced that the Market Announcement (Aviso ao Mercado) relating to the Brazilian offering and a prospectus and preliminary prospectus supplement relating to the international offering were made available today. The global offering is expected to price on or about February 5, 2020.
Credit Suisse Securities (USA) LLC and BofA Securities, Inc. are acting as global coordinators and joint bookrunners for the international offering. Banco Bradesco BBI S.A., Banco do Brasil Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and XP Investments US, LLC are acting as joint bookrunners for the international offering. Banco de Investimentos Credit Suisse (Brasil) S.A., Bank of America Merrill Lynch Banco Múltiplo S.A., Banco Bradesco BBI S.A., BB-Banco de Investimento S.A., Citigroup Global Markets Brasil CCTVM S.A., Goldman Sachs do Brasil Banco Múltiplo S.A., Banco Morgan Stanley S.A., and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. are acting as Brazilian underwriters in the Brazilian offering