Shearman & Sterling represented Citi, HSBC, J.P. Morgan and Santander Investment as joint bookrunners in connection with a reopening offering consisting of a shelf takedown of $1.250 billion 7.875% Global Notes due 2019 by Petrobras International Finance Company (PifCo) and unconditionally guaranteed by Petróleo Brasileiro S.A.—PETROBRAS. This is the second global notes issuance by PifCo this year, with Shearman & Sterling advising the underwriters on both deals. These notes will be listed on the New York Stock Exchange.

The following Shearman & Sterling attorneys advised the underwriters in this transaction: partners Stuart Fleischmann (New York-Capital Markets) and Don Lonczak (New York-Tax); counsel Sanjeev Magoon (Washington, DC-Tax); and associates Erica Tso (New York-Capital Markets), Samara Abrams (New York-Capital Markets), and Jennifer Pacella (New York-Capital Markets).