Shearman And Sterling

News January 22, 2014

Shearman & Sterling Advises on Petrobras Global Finance B.V.’s Shelf Takedown of Investment Grade Global Notes

Shearman & Sterling represented lead managers Banco Bradesco BBI S.A., BB Securities Ltd., BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC Bank plc, J.P. Morgan Securities plc and Mizuho International plc, all acting as joint bookrunners, and Bank of China (Hong Kong) Limited and Standard Chartered Bank, acting as co-managers, in connection with a shelf takedown consisting of €1,500,000,000 2.750% Global Notes due 2018, €750,000,000 3.750% Global Notes due 2021, €800,000,000 4.750% Global Notes due 2025 and £600,000,000 6.625% Global Notes due 2034 by Petrobras Global Finance B.V. The Global Notes will be unconditionally guaranteed by Petróleo Brasileiro S.A.—PETROBRAS.

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