Petrobras announces offering of U.S. Dollar-Denominated Global Notes

Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced an offering of two new series of U.S. dollar-denominated global notes in the international capital markets (the “Notes”), subject to market and other conditions.  The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras.

PGF intends to use the net proceeds from the sale of the Notes for general corporate purposes.

PGF has engaged BBVA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Itau BBA USA Securities, Inc., Santander US Capital Markets LLC and UBS Investment Bank to act as joint bookrunners with respect to the offering of the Notes.