Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras has announced the redemption price for its 4.750% Global Notes due in 2025, with a redemption date set for July 29, 2024. The company plans to utilize available cash on hand to fund the redemption, which will include a make-whole premium and accrued unpaid interest. Following the redemption, the notes will be delisted from the Luxembourg Stock Exchange, and all obligations under the notes and related guarantees by Petrobras will be extinguished.
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