Petrobras has submitted (September 21st) a bond issue prospectus to the Brazilian Securities and Exchange Commission (CVM), with a planned issue date of October 15. As announced to the market on May 15, Petrobras’ Board of Directors approved the issuance of up to 300,000 unsecured debentures, not convertible into shares, with a nominal unit value of R$10,000, corresponding to up to R$3 billion.

This volume may be expanded with an additional allotment of up to 20% of the total debentures initially offered and/or a supplementary allotment of up to 15% of the total initially offered, in accordance with the applicable regulations.

Petrobras will in due course publish all relevant information on the subject, in line with legal requirements.