(Petrobras, 6.Feb.2020) — Petrobras announced that on February 5, 2020, it priced the global offering by Banco Nacional de Desenvolvimento Econômico e Social – BNDES (the “Selling Shareholder”) of 734,202,699 common shares, without par value, of Petrobras (“Common Shares”), including 168,140,000 Common Shares in the form of American Depositary Shares, representing two Common Shares (the “Common ADSs”). The global offering consists of (i) an international offering of Common Shares and Common ADSs in the United States and other countries outside Brazil, which was registered with the U.S. Securities and Exchange Commission (the “SEC”), and (ii) a concurrent public offering of Common Shares in Brazil. The Common Shares were offered and sold to the public at a price of R$30.00 per Common Share. The Common ADSs were offered and sold to the public at a price of US$14.1646 per Common ADS (including an ADS issuance fee of US$0.03 per Common ADS). The aggregate proceeds of the global offering to the Selling Shareholder, after underwriting discounts and commissions (before expenses), will be equivalent to approximately US$5.2 billion.
The global offering is scheduled to close on February 10, 2020, subject to satisfaction of customary conditions.
The Common ADSs are listed on The New York Stock Exchange under the symbol PBR. The Common ADSs offered and sold in the global offering are expected to be delivered on February 10, 2020, in time to settle trades completed on The New York Stock Exchange on February 6, 2020.
The Common Shares are listed on the São Paulo Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão) (“B3”) under the symbol PETR3. The Common Shares offered in the global offering are expected to be delivered on, February 10, 2020, in time to settle trades completed on the B3 on February 6, 2020.
Credit Suisse Securities (USA) LLC and BofA Securities 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.
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