Petrobras’ $4 Billion Notes Offering

Shearman & Sterling represented the underwriters in connection with an offering by Petrobras Global Finance consisting of a reopening of its following existing notes: US$1 billion of 6.125% global notes due 2022, US$2 billion of 7.375% global notes due 2027 and US$ 1 billion of 7.250% global notes due 2044. The global notes are unconditionally guaranteed by Petróleo Brasileiro S.A.—PETROBRAS.

The global notes are unconditionally guaranteed by Petróleo Brasileiro S.A.—PETROBRAS. The underwriters in this offering were BB Securities Limited, Banco Bradesco BBI S.A., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc. and Morgan Stanley & Co. LLC.

The following Shearman & Sterling team advised the underwriters in this transaction: partner Stuart Fleischmann (Picture) (New York-Capital Markets); associate Flavio Averbug (New York-Capital Markets); and international associate Mariana Pacini (New York-Capital Markets).

 

Involved fees earner: Stuart Fleischmann – Shearman & Sterling; Flavio Averbug – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Citigroup Global Markets Ltd; HSBC; Morgan Stanley; Banco Bradesco BBI S.A.; BB Securities Ltd; Itaú BBA USA Securities;

 

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Author: Ambrogio Visconti