Petrobras Global Finance (formerly issued by Petrobras International Finance Company) GBP700m 6.25% 14 December 2026 senior unsecured notes factsheet
These bonds were issued by Petrobras International Finance Company but on 29 December 2014, this entity merged with Petrobras Global Finance (PETBRA). PETBRA is a wholly-owned finance subsidiary of Petrobras, and is incorporated under the laws of The Netherlands as a private company. The entity acts as a special purpose vehicle with the sole purpose of raising borrowings in the capital markets globally.
Petrobras is an integrated energy company, with total assets of USD244.3bn as of 30 June 2017. Petrobras was Brazil’s legal monopolist in the oil industry until 1997. The company dominates Brazil's oil and natural gas production, as well as downstream refining and marketing. Petrobras also holds a significant stake in petrochemicals and a position in sugar-based ethanol production and distribution. The Brazilian government directly and indirectly owns about 45.3% of Petrobras' outstanding capital stock and 60.4% of its voting shares.
Petrobras has six primary business segments: exploration and production (24% of total sales); refining, transportation, and marketing (47% of total sales); distribution; gas and power (21% of total sales); biofuels; international.