(Petrobras, 23.Dec.2020) — Petrobras, following up on the release disclosed on 18 December 2020, announced its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) concluded today the financial settlement of the early redemption of the 3.750% Global Notes, 5.375% Global Notes and 8.375% Global Notes, maturing in 2021, and of the 6.125% Global Notes and 5.875% Global Notes, maturing in 2022.
The total amount of the redemption was equivalent to $2.1bn, excluding capitalized and unpaid interest and considering for the securities in euros the exchange rate of $1.2257/€. The redemption was funded with the company’s cash resources, in line with its deleveraging strategy.
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