Summary by Futu AI
Petrobras (NYSE: PBR), also known as Petroleo Brasileiro SA, has announced the redemption price for its 4.750% Global Notes due in 2025. The redemption, which includes a make-whole premium, is set for July 29, 2024. The total redemption price amounts to approximately €273.5 million, with an additional €6.95 million in accrued interest to be paid to note holders. The payment will be made by the Principal Paying Agent, The Bank of New York Mellon, London Branch, before the Redemption Date. Following the redemption, the notes will be delisted from the Luxembourg Stock Exchange, and all related obligations will be extinguished. Petrobras's wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF), will use available cash on hand to fund the redemption. The company has advised investors to contact its investor relations department for further information.