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An announcement from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available.
Petrobras announced the redemption price for its 6.250% Global Notes due 2026, with the redemption set for December 23, 2024. The total redemption price, including a make-whole premium, amounts to approximately £1,023.85 per £1,000 principal amount of the notes. This move is expected to streamline Petrobras’s financial obligations, as the notes will cease to be listed on the Luxembourg Stock Exchange and related guarantees will be extinguished, indicating a strategic financial restructuring.
More about Petroleo Brasileiro SA- Petrobras
Petróleo Brasileiro S.A. – Petrobras is a Brazilian multinational corporation in the petroleum industry. It primarily engages in the exploration, production, refining, and transportation of oil and gas, with a notable presence in the global energy market.
YTD Price Performance: -1.39%
Average Trading Volume: 14,732,434
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $84.62B
For detailed information about PBR stock, go to TipRanks’ Stock Analysis page.
