(Energy Analytics Institute, 18.Dec.2024) — State-owned Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) delivered notices to the holders of the outstanding 6.250% Global Notes due 2026 announcing the redemption price for the notes.
As previously announced, the redemption date for payment on the notes will be made prior to 12:00 pm London time on the business day preceding the redemption date by credit to the account of the London branch of The Bank of New York Mellon as principal paying agent for the notes, Petrobras said 18 Dec. 2024 in an official statement.
The Bank of New York Mellon, as common depositary for Clearstream and Euroclear, will cause funds to be paid to its participants in the aggregate amount of £477,807,704.56 (or approximately £1,023.85 per £1,000 principal amount of the notes), which constitutes the redemption price for the notes.
The redemption price includes a make-whole premium of £11,128,704.56 (or approximately £23.85 per £1,000 principal amount of the notes).
In addition to the redemption price, holders will receive accrued and unpaid interest on the principal amount of the notes from 14 Dec. 2024 to (but not including) the redemption date in the amount of £719,197.09 (or approximately £1.54 per £1,000 principal amount of the notes).
On the redemption date, the redemption prices, including accrued and unpaid interest, will become due and payable. Interest on the notes will cease to accrue on and after the redemption date. Upon the redemption, the notes will cease to be listed on the Luxembourg Stock Exchange, and the notes and the related guarantees by Petrobras will be cancelled and any obligation thereunder extinguished.
PGF intends to fund the amounts necessary to redeem the notes with available cash on hand.
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By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.
