THE Petrobras He reported that he captured US $ 2 billion (about R $ 10.8 billion) with the sale of securities abroad. That Financial operation acts as a box reinforcementA for the company.
According to a company statement to investors, the Offer of titles in the International Capital Market (Global Notes) is divided into two operations of US $ 1 billion.
THE sale of securities can be understood as a financing. Investors acquire the papers and, in return, the company commits to pay the money back in a given period. Until then, the company pays interest to buyers.
The operation in the international market was carried out through the Petrobras Global Finance BV subsidiary the conclusion of the offer was announced on Wednesday (10).
The first offer is due in 2030, with the payment of interest of 5.125% per year (AA). This third party capital remuneration is always paid in March and September.
The second offer is due in 2036 and interest of 6.25% AA, with semiannual payments in January and July.
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High demand
In the statement, the Petrobras emphasizes that the demand for foreign investors by the company’s titles was 3.4 times higher than the offerwith almost 190 orders from investors from North America, Europe, Asia and Latin America.
The state -owned company points out that the so -called spread ─ Difference between interest rates – In relation to US Treasury securities has been the lowest since 2011 for the title due in 2036 and the smallest since 2001 for what wins in 2030.
American Treasury titles are considered the safest in the world, ie with a lower risk of non -payment.
The smaller spread is a signal that decreases the risk perception of investors in relation to Petrobras papers. For company, the lower the spread, the lower the cost to get resources.
The oil company reported that the resources raised with global notes will be used “for general corporate purposes”.
Positive evaluation
Banco do Brasil’s investment analyst Daniel Cobucci evaluates that the sale of titles is a “positive movement for the company”, which has been able to lengthen deadlines and reduce its capture cost.
“Those Spreads Reduced signal a positive assessment of Petrobras’ strength to keep low extraction costs and strong operational cash generation, especially at this time of perspective of falling oil prices, as this operational and financial resilience is shown as a differential, ”he told the Brazil agency.
