Petrobras Bonds
About the Company:
Petrobras is one of the world’s largest integrated oil and gas companies, engaging in a broad range of oil and gas activities. Petrobras is a sociedade de economia mista (partially state-owned enterprise) organized and existing under the laws of Brazil. For the years ended December 31, 2022 and 2021, Petrobras had sales revenues of U.S.$124,474 million and U.S.$83,966 million, respectively, gross profit of U.S.$64,988 million and U.S.$40,802 million, respectively, and net income attributable to shareholders of Petrobras of U.S.$36,623 million and U.S.$19,875 million, respectively. For the three-month periods ended March 31, 2023 and 2022, Petrobras had sales revenues of U.S.$ 26,771 million and U.S.$27,189 million, respectively, gross profit of U.S.$ 14,113 million and U.S.$14,410 million, respectively, and net income (loss) attributable to shareholders of Petrobras of U.S.$7,341 million and U.S.$ 8,605 million, respectively. In 2022, Petrobras’s average domestic daily oil and Natural Gas Liquids (“NGL”) production was 2,111 million bbl/d. In the three-month period ended March 31, 2023, Petrobras’s average domestic daily oil and NGL production was 2,141 million bbl/d.
Petrobras currently divides its activities into the following segments of operations:
Exploration and Production: this segment covers the activities of exploration, development and production of crude oil, NGL and natural gas in Brazil and abroad, for the primary purpose of supplying our domestic refineries. The E&P segment also operates through partnerships with other companies, including holding interests in non-Brazilian companies in this segment;
Refining, Transportation and Marketing: this segment covers the activities of refining, logistics, transport, marketing and trading of crude oil and oil products in Brazil and abroad, exports of ethanol, petrochemical operations, such as extraction and processing of shale, as well as holding interests in petrochemical companies in Brazil; and
Gas and Power: this segment covers the activities of logistics and trading of natural gas and electricity, transportation and trading of liquefied natural gas (“LNG”), generation of electricity by means of thermoelectric power plants, as well as holding interests in transportation and distribution companies of natural gas in Brazil and abroad. It also includes natural gas processing and fertilizer operations.
Additionally, Petrobras has a Corporate and Other Business classification that includes general corporate matters, in addition to distribution and biofuel businesses. Corporate items mainly include those related to corporate financial management, overhead central administration, and other expenses, including actuarial costs associated with pension and health plans for beneficiaries. The Other Businesses comprise the distribution of oil products abroad (throughout South America) and the production of biodiesel and its co-products. In 2021 and 2020, the results of other businesses included the equity interest in our associate Vibra Energia (formerly Petrobras Distribuidora) until July 2021 when we sold the remaining interest in this company.
Bond List (USD):
PETBRA 6 1/4 03/17/24
Maturity: 03/17/2024
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 6.250%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 559mm
ISIN: US71647NAM11
CUSIP: 71647NAM1
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000129281414000545/pbra20140310_424b2.htm
PETBRA 5.299 01/27/25
Maturity: 01/27/2025
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 5.299%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 635mm
ISIN: US71647NAV10
CUSIP: 71647NAV1
Prospectus: https://www.sec.gov/Archives/edgar/data/0001557157/000119312518251680/d550633d424b3.htm
PETBRA 8 3/4 05/23/26
Maturity: 05/23/2026
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 8.750%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 388mm
ISIN: US71647NAQ25
CUSIP: 71647NAQ2
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000129281416004770/pbra20160518_424b2.htm
PETBRA 7 3/8 01/17/27
Maturity: 01/17/2027
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 7.375%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 722 mm
ISIN: US71647NAQ25
CUSIP: 71647NAS8
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000119312517172529/d397151d424b2.htm
PETBRA 5.999 01/27/28
Maturity: 01/27/2028
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 5.999%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 1,180 mm
ISIN: US71647NAY58
CUSIP: 71647NAY5
Prospectus: https://www.sec.gov/Archives/edgar/data/1557157/000119312518251680/d550633d424b3.htm
PETBRA 5 3/4 02/01/29
Maturity: 02/01/2029
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 5.750%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 543 mm
ISIN: US71647NAZ24
CUSIP: 71647NAZ2
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000119312519074555/d718714d424b2.htm
PETBRA 5.093 01/15/30
Maturity: 01/15/2030
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 5.093%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 639 mm
ISIN: US71647NBE85
CUSIP: 71647NBE8
Prospectus: https://www.sec.gov/Archives/edgar/data/0001557157/000110465920096174/tm2023862-7_424b3.htm
PETBRA 5.6 01/03/31
Maturity: 01/03/2031
Callable: Yes
Next Call Date: 10/03/2030
Next Call Price: 100.00%
Minimum: $ 2k
Coupon: 5.600%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 1,161 mm
ISIN: US71647NBH17
CUSIP: 71647NBH1
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000110465920115094/tm2032940-8_424b2.htm
PETBRA 6.5 07/03/33
Maturity: 07/03/2033
Callable: Yes
Next Call Date: 04/03/2033
Next Call Price: 100.00%
Minimum: $ 2k
Coupon: 6.500%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 1,250 mm
ISIN: US71647NBK46
CUSIP: 71647NBK4
Prospectus: http://sec.gov/Archives/edgar/data/1119639/000110465923075725/tm2319768d1_424b2.htm
PETBRA 6.875 01/20/40
Maturity: 01/20/2040
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 6.875%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 741 mm
ISIN: US71645WAQ42
CUSIP: 71645WAQ4
Prospectus: http://www.sec.gov/Archives/edgar/data/1119639/000095012309053285/y79836bxe424b2.htm
PETBRA 6.75 01/27/41
Maturity: 01/27/2041
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 6.750%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 753 mm
ISIN: US71645WAS08
CUSIP: 71645WAS0
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000119312512038110/d293138d424b2.htm
PETBRA 5.625 05/20/43
Maturity: 05/20/2043
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 5.625%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 382 mm
ISIN: US71647NAA72
CUSIP: 71647NAA7
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000129281413001177/pbra20130513_424b2.htm
PETBRA 7.25 03/17/44
Maturity: 03/17/2044
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 7.250%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 963 mm
ISIN: US71647NAK54
CUSIP: 71647NAK5
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000119312517172529/d397151d424b2.htm
PETBRA 6.9 03/19/49
Maturity: 03/19/2049
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 6.900%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 799 mm
ISIN: US71647NBD03
CUSIP: 71647NBD0
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000119312519074555/d718714d424b2.htm
PETBRA 6.75 06/03/50
Maturity: 06/03/2050
Callable: Yes
Next Call Date: 12/03/2049
Next Call Price: 100.00%
Minimum: $ 2k
Coupon: 6.750%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 549 mm
ISIN: US71647NBG34
CUSIP: 71647NBG3
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000119312520155640/d934052d424b2.htm
PETBRA 5.5 06/10/51
Maturity: 06/10/2051
Callable: Yes
Next Call Date: 12/10/2050
Next Call Price: 100.00%
Minimum: $ 2k
Coupon: 5.500%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 775 mm
ISIN: US71647NBJ72
CUSIP: 71647NBJ7
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000110465921076469/tm2118048d9_424b2.htm
PETBRA 6.85 06/05/15
Maturity: 06/05/2115
Callable: No
Next Call Date: NA
Next Call Price: NA
Minimum: $ 2k
Coupon: 6.850%
Coupon Type: Fixed
Seniority: Senior
Outstanding: $ 1,742 mm
ISIN: US71647NAN93
CUSIP: 71647NAN9
Prospectus: https://www.sec.gov/Archives/edgar/data/1119639/000129281415001418/pbra20150601_424b2.htm