Petrobras subsidiary Petrobras Global Finance B.V. will redeem all outstanding Global Notes due in 2028.
These notes carry an interest rate of 5.999%.
The redemption involves a principal amount of approximately $1.08 billion.
The company scheduled the full repayment for September 25, 2026.
Petrobras will fund the transaction using existing cash on hand.
This early redemption aims to strengthen the balance sheet and improve financial flexibility.
The notes will be repaid at a make-whole amount plus accrued interest.
Interest accrual will cease and Petrobras will cancel the corresponding guarantee upon completion.