Portuguese 
English 
Spanish 
2 min of reading 
Petrobras Announced That Its Subsidiary Petrobras Global Finance BV Will Launch Two Global Bond Buyback Offers With Maturities Between 2021 and 2044
Petrobras is opening two buyback offers for bonds abroad, one of the “Any-and-all” type for the entire outstanding amount of certain bonds in euros and pounds with varying maturities; and another, the “Waterfall”, in dollars, up to the limit of US$ 3 billion less the total payment made in the first. The bonds are from Petrobras Global Finance B.V. – PGF.
If the amount offered by the bondholders causes the Waterfall Buyback Offer to exceed the limit of US$ 3 billion, the bonds validly delivered and accepted for repurchase will be repurchased following a priority order; less the payment made in the Any-and-all offer.
-
Scientists discover unexpected climate benefit hidden in forest soils related to atmospheric methane absorption.
-
Sandy unproductive land can become a highly profitable area with a simple technique that boosts soybeans and corn to over 100 sacks.
-
The new Kia hatch will have a range of up to 480 km, may cost up to 25,000 euros (around R$ 150,000), and promises to become one of the most affordable electric cars in Europe; meet the Kia Picanto Electric.
-
Viih Tube, former BBB contestant and millionaire, lives in a mansion worth R$ 8.5 million with a heated artificial lake, two cinemas, a complete spa, and a giant playroom of 120 m² for the couple’s children.
And if the amount offered causes the Any-and-all offer to exceed US$ 3 billion, the Waterfall will be automatically canceled.
The expiry date for the Any-and-all is 5 PM on July 8 and for the Waterfall, 11:59 PM (New York time) on July 29.
The banks involved in the offers are BB Securities Limited, BofA Securities, Bradesco BBI, Credit Suisse Securities, JPMorgan Securities LLC, and Scotia Capital.
“The buyback offers are: (i) the entire outstanding amount of the global bonds described in Table 1 below (“Any-and-all”), and (ii) the global bonds described in Table 2 below in the order mentioned in the column “Priority Level”
(“Waterfall”), up to the limit of US$ 3 billion less the Total Payment made within the Any-and-all offer (the offers, collectively, “Buyback Offers”)”, says the note.
Petrobras Puts Abreu e Lima Refinery Up for Sale
Petrobras started on the morning of June 28, the formal sale of four of the eight refineries it intends to divest. The process will be divided into two phases and is expected to be completed in 2021. The divestment will reduce the state-owned refining park by half, with 1.1 million barrels per day of capacity reduced. The package also includes logistical assets, which will be transferred to the new owners. The deadline to express interest in the assets is until August 16.
Seja o primeiro a reagir!