Welcome to our dedicated page for Petroleo Brasileiro S.A. Petrobras news (Ticker: PBR), a resource for investors and traders seeking the latest updates and insights on Petroleo Brasileiro S.A. Petrobras stock.
Petróleo Brasileiro S.A. – Petrobras reports news across its role as a Brazil-based integrated energy company focused on offshore oil and gas, refining, transportation, marketing, natural gas and lower-carbon energy activities. Recurring developments include pre-salt and ultra-deepwater projects in the Santos and Campos basins, production systems for fields such as Búzios, Atapu and Sépia, and service contracts covering subsea equipment, drilling, completions and reservoir-management technologies.
Petrobras news also covers capital-markets activity tied to Petrobras Global Finance B.V., including U.S. dollar-denominated global notes, tender offers and guarantees by Petrobras, along with operating updates connected to Brazilian offshore production infrastructure and field-development programs.
Petrobras announced the settlement of its cash offers to purchase outstanding notes through its subsidiary, Petrobras Global Finance B.V. The offers concluded on September 16, 2020, and settled on September 21, 2020. A total of US$3,976 million will be paid to holders of the validly tendered notes. The offers included several series of global notes with varying maturities and interest rates. Key amounts accepted include US$889,687,000 of 5.299% Global Notes due January 2025 and US$1,647,605,000 of 6.900% Global Notes due March 2049.
Petrobras (NYSE: PBR) announced the completion of its cash Offers to purchase outstanding notes through its subsidiary, Petrobras Global Finance B.V. The Offers expired on September 16, 2020, with settlement expected on September 21, 2020. Key details include: over US$3,978 million allocated for Covered Notes, with principal amounts tendered across various note series. The Offers involve multiple global notes with varying acceptance priority levels, excluding 'Non-Covered Notes' which will be rejected. The final results will be disclosed post-settlement.
Petrobras (NYSE: PBR) has announced cash offers to purchase any and all of its outstanding notes through its subsidiary, Petrobras Global Finance B.V. (PGF). The offers will expire on September 16, 2020. Valued at various principal amounts, the notes include series due between 2022 and 2049 with set considerations ranging from $1,062.50 to $1,290.50 per $1,000 of principal. The maximum consideration condition for these offers is capped at $4 billion. PGF reserves the right to withdraw or modify offers independently.