Petrobras announces the settlement of its global notes offering

Petrobras, following up on the statements disclosed on September 3, 2025, announces the settlement of its global notes offering in the international capital markets, totaling US$ 1 billion with maturity in 2030 and US$ 1 billion with maturity in 2036, issued through its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”).
 
The transaction was priced on September 3, 2025, and achieved the lowest spread over Brazilian Republic bonds since 2006 for the notes maturing in 2036, and the lowest since 2002 for the notes maturing in 2030. Additionally, it achieved the lowest spread over U.S. Treasury bonds since 2011 for the notes maturing in 2036, and the lowest since 2001 for the notes maturing in 2030.
 
"The narrow spreads relative to sovereign bonds, which are considered benchmarks, demonstrate investors' confidence in Petrobras. This issuance aligns with the company's strategy to maintain an efficient capital structure, providing value and flexibility in challenging scenarios," said the Chief Financial and Investor Relations Officer, Fernando Melgarejo.
 
The total demand for the offering was approximately 3.4 times higher than the volume issued, with nearly 190 orders from investors across North America, Europe, Asia, and Latin America.
 
Below are the key terms of each of the issuances:
 
5.125% Global Notes due 2030
Amount: US$ 1 billion
Coupon: 5.125% per year
Interest Payment Dates: March 10 and September 10 of each year, commencing on March 10, 2026
Issue Price: 99.024%
Yield to Investors: 5.350% per year
Maturity: September 10, 2030
Ratings: BB (Fitch) / Ba1 (Moody’s) / BB (S&P)

6.250% Global Notes due 2036
Amount: US$ 1 billion
Coupon: 6.250% per year
Interest Payment Dates: January 10 and July 10 of each year, commencing on January 10, 2026
Issue Price: 97.784%
Yield to Investors: 6.550% per year
Maturity: January 10, 2036
Ratings: BB (Fitch) / Ba1 (Moody’s) / BB (S&P)
The offering was registered with the U.S. Securities and Exchange Commission (“SEC”) and is fully, unconditionally and irrevocably guaranteed by Petrobras.
 
The net proceeds from the sale of the notes are expected to be used for general corporate purposes.