Rio de Janeiro, January 26, 2018 - Petróleo Brasileiro S.A. - Petrobras announces the pricing of global notes denominated in U.S. Dollars (the 'Notes') to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. ('PGF'). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras.Closing is expected to occur on February 1, 2018.
The terms of the 5.750% Global Notes due 2029 are as follows:
• Issue: 5.750% Global Notes due 2029
• Amount: US$2,000,000,000
• Coupon: 5.750%
• Interest Payment Dates: February 1 and August 1 of each year, commencing on August 1, 2018
• Issue price: 98.402%
• Yield to Investors: 5.950%
• Maturity: February 1, 2029

PGF intends to use the net proceeds from the sale of the Notes towards the redemption price of its existing 3.000% Global Notes due January 2019, 7.875% Global Notes due March 2019 and 3.250% Global Notes due April 2019, and the remainder, if any, to repay other existing indebtedness and for general corporate purposes. PGF intends to issue a notice of redemption following date hereof and to redeem the aggregate principal amount of these notes no less than 30 days and not more than 60 days thereafter.

This press release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction

PETROBRAS - Petróleo Brasileiro SA published this content on 26 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2018 12:54:07 UTC.

Original documenthttp://www.investidorpetrobras.com.br/en/press-releases/petrobras-announces-pricing-global-notes

Public permalinkhttp://www.publicnow.com/view/98C668C0EEEB3D05D40E007906809D2447DB1301