Petrobras offers like-for-like bond swap

Petrobras offers like-for-like bond swap

Bonds Debt Capital Markets Fixed Income Corporate & Sovereign Strategy Asset Management Funds Energy Brazil US

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

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