Shearman And Sterling

News July 03, 2023

Petrobras $1.25 Billion SEC-Registered Bond Offering

Shearman & Sterling partners Roberta B. Cherman (Capital Markets-São Paulo) and Bill Nelson (Capital Markets-Houston) led a team acting for Banco BTG Pactual S.A. – Cayman Branch, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc., MUFG Securities Americas Inc., Santander US Capital Markets LLC, Scotia Capital (USA) Inc. and UBS Securities LLC as underwriters in connection with the issuance of a new series of SEC registered debt securities by Petrobras Global Finance. N.V., or PGF, guaranteed by Petrobras.

The notes offering consisted of an offering of $1.25 billion aggregate principal amount of 6.500% global notes due 2033 issued by PGF and guaranteed by Petrobras with proceeds used for general corporate purposes.

This transaction represents the continuation of the Firm’s long-standing relationship advising the underwriters in connection with debt and equity securities offerings by Petrobras.

The Team