Shearman And Sterling

News Jan 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.

The following Shearman & Sterling team advised the underwriters in this transaction: partners Stuart Fleischmann (New York-Capital Markets), Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory), and Michael Shulman (Washington, DC-Tax); counsel Carla Passos (São Paulo-Capital Markets); associates Shihani Soysa (New York-Capital Markets), Christina Leto-Feist (New York-Capital Markets), Flavio Averbug (New York-Capital Markets), Jeffrey Tate (Washington DC-Tax), Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory), and Judy Fisher (Washington DC-Tax); international associate Ivan Iais (New York-Capital Markets); and visiting attorney Isabel Wolleter (New York-Capital Markets).