RIO DE JANEIRO, BRAZIL (By Petrobras, 10.Sep.2025) — Petrobras announces the settlement of its global notes offering in the international capital markets, totaling $1bn with maturity in 2030 and $1bn with maturity in 2036, issued through its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF).
The transaction was priced on 3 Sep. 2025, and achieved the lowest spread over Brazilian Republic bonds since 2006 for the notes maturing in 2036, and the lowest since 2002 for the notes maturing in 2030. Additionally, it achieved the lowest spread over US Treasury bonds since 2011 for the notes maturing in 2036, and the lowest since 2001 for the notes maturing in 2030.
The total demand for the offering was approximately 3.4 times higher than the volume issued, with nearly 190 orders from investors across North America, Europe, Asia, and Latin America.
Below are the key terms of each of the issuances:
5.125% global notes due 2030
• Amount: $1bn
• Coupon: 5.125% per year
• Interest payment dates: 10 Mar. and 10 Sep. of each year, commencing on 10 Mar. 2026
• Issue price: 99.024%
• Yield to investors: 5.350% per year
• Maturity: 10 Sep. 2030
• Ratings: BB (Fitch) / Ba1 (Moody’s) / BB (S&P)
6.250% global notes due 2036
• Amount: $1bn
• Coupon: 6.250% per year
• Interest payment dates: 10 Jan. and 10 Jul. of each year, commencing on 10 Jan. 2026
• Issue price: 97.784%
• Yield to investors: 6.550% per year
• Maturity: 10 Jan. 2036
• Ratings: BB (Fitch) / Ba1 (Moody’s) / BB (S&P)
The offering was registered with the US Securities and Exchange Commission (SEC) and is fully, unconditionally and irrevocably guaranteed by Petrobras.
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