Three firms act on Petrobras’ $1.25 billion bond offering
Cleary Gottlieb represented Petróleo Brasileiro – Petrobras in connection with the SEC-registered offering of $1.25 billion aggregate principal amount of 6.500% notes due 2033. The notes were issued by Petrobras’ Dutch finance subsidiary, Petrobras Global Finance B.V. (PGF).
Banco BTG Pactual S.A. – Cayman Branch, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, ITAU BBA USA Securities, Inc., MUFG Securities Americas Inc., Santander US Capital Markets LLC, Scotia Capital (USA) Inc. and UBS Securities LLC acted as joint bookrunners of the offering and was represented by Pinheiro Neto Advogados and Shearman & Sterling LLP.
The Cleary team included partners Francesca Odell (pictured left) and Manuel Silva (pictured center) and associate Daniel Oyolu. Counsel Matthew Brigham and associates Eugene Wei-En Woo and Nathaniel Pribil advised on tax matters. All lawyers are based in New York.
Pinheiro Neto Advogados advised Banco BTG Pactual S.A. – Cayman Branch, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc., MUFG Securities Americas Inc., Santander US Capital Markets LLC, Scotia Capital (USA) Inc. and UBS Securities LLC and relied on partner Ricardo Russo (pictured right), counsel Marcos Saldanha Proença and associate Gustavo Guedes Araújo.
Shearman & Sterling LLP was bookrunners’ external US legal counsel and relied on partners Roberta Cherman, Bill Nelson, associate Debora Ayoub and visiting lawyer Nicolle Bretas.
