August 19, 2020
Brazil's state-owned oil company Petrobras said it wants to swap up to $4.12 billion in unregistered 5.093% 2030 bonds for an equal amount in bonds registered with the US Securities and Exchange Commission (SEC).
"The terms of the new notes to be issued are substantially identical to the old notes, except for terms with respect to additional interest payments, registration rights and legends reflecting transfer restrictions," Petrobras said in a securities filing on Monday. The offer expires on
Brazil's state-owned oil company asks to exchange $4 bln in 2030 notes for an equal amount at the same terms