Summary by Futu AI
Petrobras has announced the redemption price for its 6.250% Global Notes due 2026. The redemption date is set for December 23, 2024. The aggregate principal amount to be redeemed is £466,679,000, with a redemption price of £1,023.85 per £1,000 principal amount, including a make-whole premium of £23.85.The total redemption amount, including accrued interest, will be £477,807,704.56. Holders will receive an additional £1.54 per £1,000 in accrued interest. Upon redemption, the Notes will be delisted from the Luxembourg Stock Exchange and all related obligations will be extinguished.Petrobras Global Finance B.V. plans to fund the redemption using available cash on hand. Interest on the Notes will cease to accrue from the redemption date. This move is part of Petrobras's debt management strategy, potentially aimed at optimizing its financial structure.