Today, Monday May 23, Petrobras announces that it has issued US$ 6.75 billion of 5 and 10 year Global Notes through its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The transaction was priced on May 17, 2016 and the terms of the notes issued are as follows:

The order book was 2.75x and 3.0x oversubscribed in the 5 year and 10 year tranches respectively, with 629 investors from the United States, Europe, Asia and Latin America participating.

Petrobras intends to use the net proceeds from the sale of the notes to repurchase notes validly tendered, as previously announced, and for general corporate purposes.