(Energy Analytics Institute, 23.Dec.2024) — Petrobras‘ wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) delivered notices to the holders of the outstanding 5.299% Global Notes due 2025 announcing the redemption price for the notes.
The redemption date for the notes is 27 Dec. 2024, Petrobras announced 23 Dec. 2024 in an official statement.
Payment on the notes will be made prior to 3:00 pm New York City time on the business day preceding the redemption date by credit to the account of The Bank of New York Mellon, the trustee and paying agent for the notes.
The Bank of New York Mellon will cause funds to be paid to The Depositary Trust Company for further payment to its participants in the aggregate amount of $606,700,716.24 (or approximately $1,022.51 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 $259,716.24 (or approximately $0.43 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 27 Jul. 2024 to (but not including) the redemption date in the amount of $13,389,711.91 (or approximately $22.08 per $1,000 principal amount of the notes), Petrobras said in the statement.
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