Bond Petrobas 6.5% ( US71647NBK46 ) in USD

Issuer	Petrobas
Market price	103.49 % ▲
Country	Brazil
ISIN code	US71647NBK46 ( in USD )
Interest rate	6.5% per year ( payment 2 times a year)
Maturity	03/07/2033
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Minimal amount	2 000 USD
Total amount	1 250 000 000 USD
Cusip	71647NBK4
Standard & Poor's ( S&P ) rating	BB ( Non-investment grade speculative )
Moody's rating	Ba1 ( Non-investment grade speculative )
Next Coupon	03/01/2026 ( In 109 days )
Detailed description	Petrobras is a Brazilian multinational corporation and the world's largest producer of offshore oil. This analysis focuses on a specific fixed-income instrument, an obligation identified by ISIN US71647NBK46 and CUSIP 71647NBK4. The bond is issued by Petrobras, the Brazilian state-controlled multinational corporation and one of the largest integrated energy companies in the world, playing a pivotal role in Brazil's economy through its extensive operations in exploration, production, refining, and distribution of oil and gas. Denominated in United States Dollars, this particular bond offers a fixed annual interest rate of 6.5%, with payments distributed semi-annually, providing a steady income stream for investors. The total issuance size for this bond stands at a significant $1,250,000,000, indicating its substantial presence in the debt market, while the minimum purchase size for investors is set at $2,000. With a maturity date of July 3, 2033, this bond represents a medium-to-long term investment opportunity. As of current market data, the bond is trading at 102.14% of its par value, reflecting a premium often associated with its coupon yield relative to prevailing market rates or the issuer's credit standing. Credit assessments from leading agencies provide further insight into Petrobras's creditworthiness: Standard & Poor's assigns a 'BB' rating, while Moody's rates the bond 'Ba1'. Both ratings place the bond in the speculative or non-investment grade category, suggesting a higher risk profile but often attracting investors seeking higher yields from emerging market issuers. This Petrobras bond offers a detailed look into the interplay of issuer fundamentals, market pricing, and credit risk within the global fixed income landscape.