Shearman & Sterling represented the Underwriters as part of our longstanding relationship with Brazil’s Petrobras in connection with its SEC-registered offering of $3.25 billion in two series of senior unsecured notes, which settled on June 3, 2020. 

The notes offering consisted of an offering of $1.5 billion aggregate principal amount of 5.600 percent global notes due 2031 and $1.75 billion aggregate principal amount of 6.750 percent global notes due 2050. The notes, issued by Petrobras Global Finance B.V., are guaranteed by Petrobras and will be listed on the New York Stock Exchange. We represented BNP Paribas Securities Corp., BofA Securities, Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc. as joint bookrunners.

The Team