STOCK TITAN

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.

(Neutral)
(Neutral)
Form Type
6-K

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.

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Aggregate principal amount to be redeemed US$1,080,945,000 5.999% Global Notes due 2028
Aggregate redemption price US$1,092,404,292.52 Excludes accrued and unpaid interest, which is payable in addition
Make-whole premium US$11,459,292.52 Included in the aggregate redemption price
Accrued and unpaid interest US$10,447,393.48 From July 27, 2026 to, but not including, the redemption date
Redemption price per US$1,000 principal amount US$1,010.601180 Includes the make-whole premium
Accrued interest per US$1,000 principal amount US$9.665056 Accrued interest through, but not including, the redemption date
Redemption date September 25, 2026 Date the redemption amounts become due and payable
Make-Whole Premium financial
"Make-Whole Premium (1)"
A make-whole premium is an extra payment a borrower must give bondholders when repaying debt early to compensate them for lost future interest; think of it as a lump-sum “catch-up” to leave lenders financially where they would have been if the loan had run its full term. It matters to investors because it affects how much they receive on early redemption and influences a company’s decision to refinance or repay debt, altering bond value and expected returns.
Redemption Price financial
"Redemption Price (1) (2)"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
accrued and unpaid interest financial
"holders will receive accrued and unpaid interest"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.
paying agent financial
"as paying agent for the Notes"
A paying agent is a bank or company that helps deliver payments, like interest or dividends, to investors. It’s like a trusted middleman who makes sure everyone gets their money on time, so investors don’t have to handle the details themselves.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What notes is PETROBRAS (PBR) redeeming?

PGF delivered notices setting the redemption price for US$1,080,945,000 aggregate principal amount of PETROBRAS’s 5.999% Global Notes due 2028.

What is the PETROBRAS (PBR) notes redemption price?

The aggregate redemption price is US$1,092,404,292.52, including a US$11,459,292.52 make-whole premium. Accrued and unpaid interest of US$10,447,393.48 is payable in addition.

When is the PETROBRAS (PBR) notes redemption scheduled?

The redemption date is September 25, 2026. Payment to the Trustee, as paying agent, is to be made before 3:00 p.m. New York City time on the business day preceding that date.

How does PETROBRAS (PBR) plan to fund the redemption?

PGF intends to fund the amounts necessary to redeem the notes with available cash on hand.

What happens to PETROBRAS (PBR) note interest and the guaranty?

Interest ceases to accrue on and after the redemption date. Upon redemption, 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September, 2026

 

 

Commission File Number 001-15106

 

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(Exact name of registrant as specified in its charter)

 

Brazilian Petroleum Corporation - PETROBRAS

(Translation of Registrant's name into English)

 

Avenida Henrique Valadares, 28 
20241-030 - Rio de Janeiro, RJ
Federative Republic of Brazil

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Form 40-F

 

 

 

 
 

PETROBRAS ANNOUNCES REDEMPTION PRICE FOR 5.999% GLOBAL NOTES DUE 2028

RIO DE JANEIRO, BRAZIL – September 22, 2026 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 5.999% Global Notes due 2028 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be September 25, 2026 (the “Redemption Date”).

Title of Security

CUSIP / ISIN

Common Code

Aggregate Principal Amount to be Redeemed

Make-Whole Premium(1)

Redemption Price(1) (2)

Interest(1)

5.999% Global Notes due 2028

71647NAW9 / US71647NAW92

 

N6945AAK3 / USN6945AAK36

 

71647NAY5 / US71647NAY58

N/A US$1,080,945,000 US$10.601180 US$1,010.601180 US$9.665056(3)

_________________________________________________________

(1) Per US$1,000. Figures have been rounded for ease of presentation.
(2)
Redemption price includes make-whole premium.

(3) Accrued interest on the principal amount from July 27, 2026 to (but not including) the Redemption Date.

Payment on the Notes will be made prior to 3:00 pm New York City time, on the business day preceding the Redemption Date by credit to the account of The Bank of New York Mellon (the “Trustee”), as paying agent for the Notes.

The Trustee will cause funds to be paid to The Depositary Trust Company for further payment to its participants in the aggregate amount of US$1,092,404,292.52 (or approximately US$1,010.601180 per US$1,000 principal amount of the Notes), which constitutes the redemption price for the Notes. The redemption price includes a make-whole premium of US$11,459,292.52 (or approximately US$10.601180 per US$1,000 principal amount of the Notes). In addition to the redemption price, holders will receive accrued and unpaid interest on the principal amount of the Notes from July 27, 2026 to (but not including) the Redemption Date in the amount of US$10,447,393.48 (or approximately US$9.665056 per US$1,000 principal amount of the Notes).

On the Redemption Date, the redemption prices, including accrued and unpaid interest, will become due and payable. Interest on the Notes will cease to accrue on and after the Redemption Date. Upon the redemption, the Notes will cease to be listed on the Luxembourg Stock Exchange, and the Notes and the related guaranty by Petrobras will be cancelled and any obligation thereunder extinguished.

PGF intends to fund the amounts necessary to redeem the Notes with available cash on hand.

For more information or if you have any questions regarding this notice, please contact Petrobras’s investor relations department at petroinvest@petrobras.com.br.

Forward-Looking Statements

This announcement contains forward-looking statements. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions. Petrobras undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

PETRÓLEO BRASILEIRO S.A-PETROBRAS

 

     
  By: /s/ Andre Gameiro Rua
    Name: Andre Gameiro Rua
   

Title: Attorney-in-fact

 

 

   
     
  By: /s/ Guilherme Rajime Takahashi Saraiva
    Name: Guilherme Rajime Takahashi Saraiva
   

Title: Attorney-in-fact

 

 

 

Date: September 22, 2026

 

 

 

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