Petrobras unit sets price for $1.08B note redemption
The scheduled payment includes a US$11,459,292.52 make-whole premium and US$10,447,393.48 in accrued interest.
Sentiment and the balance of points
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Rhea-AI Filing Summary
PETROBRAS (PBR) announced that its wholly owned subsidiary, Petrobras Global Finance B.V. (PGF), has delivered notices setting the redemption price for US$1,080,945,000 aggregate principal amount of its 5.999% Global Notes due 2028, with redemption scheduled for September 25, 2026.
The aggregate redemption price is US$1,092,404,292.52, including a US$11,459,292.52 make-whole premium. Holders will also receive US$10,447,393.48 in accrued and unpaid interest. PGF intends to fund the redemption with available cash on hand. Upon redemption, interest will cease to accrue, the notes will cease to be listed on the Luxembourg Stock Exchange, and the notes and related Petrobras guaranty will be cancelled and the obligations extinguished.
Key Figures
Key Terms
Redemption Price financial
accrued and unpaid interest financial
paying agent financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What notes is PETROBRAS (PBR) redeeming?
What is the PETROBRAS (PBR) notes redemption price?
When is the PETROBRAS (PBR) notes redemption scheduled?
How does PETROBRAS (PBR) plan to fund the redemption?
What happens to PETROBRAS (PBR) note interest and the guaranty?
AI-generated analysis. How Rhea-AI works. Not financial advice.