Obligation PetroGlobal Finance BV 8.375% ( US71647NAP42 ) en USD

PetroGlobal Finance BV

100 % ▼

Bresil

US71647NAP42 ( en USD )

8.375% par an ( paiement semestriel )

22/05/2021 - Obligation échue

Prospectus brochure de l'obligation Petrobras Global Finance BV US71647NAP42 en USD 8.375%, échue

2 000 USD

463 446 000 USD

71647NAP4

BB- ( Spéculatif )

Ba2 ( Spéculatif )

Petrobras Global Finance BV est une filiale néerlandaise de Petrobras, la compagnie pétrolière brésilienne, principalement impliquée dans les opérations financières internationales, telles que l'émission d'obligations et la gestion de la dette.

L'Obligation émise par PetroGlobal Finance BV ( Bresil ) , en USD, avec le code ISIN US71647NAP42, paye un coupon de 8.375% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 22/05/2021

L'Obligation émise par PetroGlobal Finance BV ( Bresil ) , en USD, avec le code ISIN US71647NAP42, a été notée Ba2 ( Spéculatif ) par l'agence de notation Moody's.

L'Obligation émise par PetroGlobal Finance BV ( Bresil ) , en USD, avec le code ISIN US71647NAP42, a été notée BB- ( Spéculatif ) par l'agence de notation Standard & Poor's ( S&P ).

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424B2 1 pbra20160708_424b2.htm PROSPECTUS SUPPLEMENT

CALCULATION OF REGISTRATION FEE

Title of each class of securities offered
Proposed maximum aggregate offering price
Amount of registration fee(1)
Debt securities
8.375% Global Notes due 2021
U.S.$1,804,848,402.78
U.S.$181,748.23
8.750% Global Notes due 2026
U.S.$1,264,953,472.22
U.S.$127,380.81
Guaranties
?(2)
(1) The registration fee is calculated in accordance with Rule 457(r) of the Securities Act of 1933.
(2) Pursuant to Rule 457(n) under the Securities Act of 1933, no separate fee is payable with respect to the guaranties.

Filed pursuant to Rule 424(b)(2)
Registration Statements No. 333-206660 and 333-206660-01
PROSPECTUS SUPPLEMENT
(To Prospectus dated August 28, 2015)

Petrobras Global Finance B.V.
Unconditionally guaranteed by
Petróleo Brasileiro S.A. -- Petrobras
(Brazilian Petroleum Corporation -- Petrobras)

U.S.$1,750,000,000 8.375% Global Notes due 2021
U.S.$1,250,000,000 8.750% Global Notes due 2026

The 8.375% Global Notes due 2021 (the "2021 Notes") and the 8.750% Global Notes due 2026 (the "2026 Notes" and together with the 2021 Notes, each a "series" and
collectively, the "notes"), are general, unsecured, unsubordinated obligations of Petrobras Global Finance B.V., or "PGF," a wholly-owned subsidiary of Petróleo
Brasileiro S.A.-Petrobras, or "Petrobras." The notes will be unconditionally and irrevocably guaranteed by Petrobras. The 2021 Notes will mature on May 23, 2021 and
will bear interest at the rate of 8.375% per annum. The 2026 Notes will mature on May 23 2026, and will bear interest at the rate of 8.750% per annum. Interest on the
notes is payable on May 23 and November 23 of each year, beginning on November 23, 2016.

The 2021 Notes will be consolidated, form a single series, and be fully fungible with PGF's outstanding U.S.$5,000,000,000 8.375% Global Notes due 2021 issued on
May 23, 2016, or the "2021 original notes." After giving effect to this offering, the total amount outstanding of PGF's 8.375% Global Notes due 2021 will be
U.S.$6,750,000,000.

The 2026 Notes will be consolidated, form a single series, and be fully fungible with PGF's outstanding U.S.$1,750,000,000 8.750% Global Notes due 2026 issued on
May 23, 2016, or the "2026 original notes." After giving effect to this offering, the total amount outstanding of PGF's 8.750% Global Notes due 2026 will be
U.S.$3,000,000,000.

PGF will pay additional amounts related to the deduction of certain withholding taxes in respect of certain payments on the notes. PGF may redeem, in whole or in part,
the notes at any time by paying the greater of the principal amount of the notes and the applicable "make-whole" amount, plus, in each case, accrued interest. The notes
will also be redeemable without premium prior to maturity at PGF's option solely upon the imposition of certain withholding taxes. See "Description of the Notes--
Optional Redemption--Redemption for Taxation Reasons."

ANY OFFER OR SALE OF NOTES IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC,
AS AMENDED, (THE "PROSPECTUS DIRECTIVE") MUST BE ADDRESSED TO QUALIFIED INVESTORS (AS DEFINED IN THE PROSPECTUS DIRECTIVE).
------------------------
The 2021 original notes and the 2026 original notes are listed on the New York Stock Exchange, or the "NYSE," under the symbol "PBR/21A" and "PBR/26,"
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respectively.
------------------------
See "Risk Factors" beginning on page S-15 to read about factors you should consider before buying the notes offered in this prospectus supplement and the
accompanying prospectus.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this
prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

Initial price to the public(1):
Underwriting discount:
Proceeds, before expenses, to PGF(1):

Per Note
Total
Per Note
Total
Per Note
Total
2021 Notes
101.971%
U.S.$1,784,492,500
0.30%
U.S.$5,250,000
101.671%
U.S.$1,779,242,500
2026 Notes
99.981%
U.S.$1,249,762,500
0.30%
U.S.$3,750,000
99.681%
U.S.$1,246,012,500

(1) Plus accrued interest from May 23, 2016.
------------------------
The underwriters expect to deliver the notes in book-entry form only through the facilities of The Depository Trust Company and its direct and indirect participants,
including Clearstream Banking, société anonyme, and Euroclear S.A./N.V., as operator of the Euroclear System, against payment in New York, New York on or
about July 13, 2016.
Joint Bookrunners

BB Securities
BofA Merrill
J.P. Morgan
Santander
Lynch

The date of this prospectus supplement is July 7, 2016.

TABLE OF CONTENTS
PROSPECTUS SUPPLEMENT
About this Prospectus Supplement
S-1
Forward-Looking Statements
S-2
Incorporation of Certain Documents by Reference
S-4
Where You Can Find More Information
S-6
Summary
S-7
Recent Developments
S-14
Risk Factors
S-15
Use of Proceeds
S-17
Ratio of Earnings to Fixed Charges
S-18
Ratio of Earnings to Fixed Charges and Preferred Dividends
S-19
Selected Financial and Operating Information
S-20
Capitalization
S-22
Description of the Notes
S-23
Description of the Guaranties
S-35
Clearance and Settlement
S-42
Underwriting
S-45
Taxation
S-52
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Difficulties of Enforcing Civil Liabilities Against Non-U.S. Persons
S-60
Legal Matters
S-61
Independent Registered Public Accounting Firm
S-62

PROSPECTUS

Page
About This Prospectus
2
Forward-Looking Statements
3
Petrobras
4
PGF
5
Use of Proceeds
5
Ratio of Earnings to Fixed Charges
6
Ratio of Earnings to Fixed Charges and Preferred Dividends
7
The Securities
8
Legal Ownership
9
Description of Debt Securities
12
Description of Mandatory Convertible Securities
28
Description of Warrants
29
Description of the Guaranties
35
Description of American Depositary Receipts
36
Form of Securities, Clearing and Settlement
43
Plan of Distribution
49
Experts
51
Validity of Securities
51
Enforceability of Civil Liabilities
51
Where You Can Find More Information
53
Incorporation of Certain Documents by Reference
54

ABOUT THIS PROSPECTUS SUPPLEMENT
This document consists of two parts. The first part is the prospectus supplement, which describes the specific terms of the notes PGF is
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offering and certain other matters relating to PGF and Petrobras and Petrobras's financial condition. The second part, the accompanying
prospectus, gives more general information about securities that PGF and Petrobras may offer from time to time. Generally, references to the
prospectus mean this prospectus supplement and the accompanying prospectus combined. If the information in this prospectus supplement differs
from the information in the accompanying prospectus, the information in this prospectus supplement supersedes the information in the
accompanying prospectus.
We are responsible for the information contained and incorporated by reference in this prospectus supplement and in any related free-
writing prospectus we prepare or authorize. PGF and Petrobras have not authorized anyone to give you any other information, and we take no
responsibility for any other information that others may give you. Neither PGF nor Petrobras is making an offer to sell the notes in any jurisdiction
where the offer is not permitted.
You should not assume that the information in this prospectus supplement, the accompanying prospectus or any document incorporated by
reference is accurate as of any date other than the date of the relevant document.
In this prospectus supplement, unless the context otherwise requires or as otherwise indicated, references to "Petrobras" mean Petróleo
Brasileiro S.A. - Petrobras and its consolidated subsidiaries taken as a whole, and references to "PGF" mean Petrobras Global Finance B.V., a
wholly-owned subsidiary of Petrobras. Terms such as "we," "us" and "our" generally refer to both Petrobras and PGF, unless the context requires
otherwise or as otherwise indicated.
References herein to "reais" or "R$" are to the lawful currency of Brazil. References herein to "U.S. dollars" or "U.S.$" are to the lawful
currency of the United States. References herein to "euros" or "" are to the lawful currency of the member states of the European Monetary
Union that have adopted or will adopt the single currency in accordance with the Treaty Establishing the European Community, as amended by the
Treaty on European Union.

S-1

FORWARD-LOOKING STATEMENTS
Some of the information contained or incorporated by reference in this prospectus supplement are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), that are not based on historical facts and are not assurances of future results. Many of the forward-looking
statements contained, or incorporated by reference, in this prospectus supplement may be identified by the use of forward-looking words, such as
"believe," "expect," "estimate," "anticipate," "intend," "plan," "aim," "will," "may," "should," "could," "would," "likely," "potential" and similar
expressions.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which
they are made. There is no assurance that the expected events, trends or results will actually occur.
We have made forward-looking statements that address, among other things:
· our marketing and expansion strategy;
· our exploration and production activities, including drilling;
· our activities related to refining, import, export, transportation of oil, natural gas and oil products, petrochemicals, power generation,
biofuels and other sources of renewable energy;
· our projected and targeted capital expenditures and other costs, commitments and revenues;
· our liquidity and sources of funding;
· our pricing strategy and development of additional revenue sources; and
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· the impact, including cost, of acquisitions and divestments.
Our forward-looking statements are not guarantees of future performance and are subject to assumptions that may prove incorrect and to
risks and uncertainties that are difficult to predict. Our actual results could differ materially from those expressed or forecast in any forward-
looking statements as a result of a variety of assumptions and factors. These factors include, but are not limited to, the following:
· our ability to obtain financing;
· general economic and business conditions, including crude oil and other commodity prices, refining margins and prevailing exchange
rates;
· global economic conditions;
· our ability to find, acquire or gain access to additional reserves and to develop our current reserves successfully;
· uncertainties inherent in making estimates of our oil and gas reserves, including recently discovered oil and gas reserves;
· competition;
· technical difficulties in the operation of our equipment and the provision of our services;

S-2

· changes in, or failure to comply with, laws or regulations, including with respect to fraudulent activity, corruption and bribery;
· receipt of governmental approvals and licenses;
· international and Brazilian political, economic and social developments;
· natural disasters, accidents, military operations, acts of sabotage, wars or embargoes;
· the cost and availability of adequate insurance coverage;
· our ability to successfully implement assets sales under our divestment program;
· the outcome of ongoing corruption investigations and any new facts or information that may arise in relation to the "Lava Jato
investigation;"
· the effectiveness of our risk management policies and procedures, including operational risks;
· litigation, such as class actions or enforcement or other proceedings brought by governmental and regulatory agencies; and
· other factors discussed below under "Risk Factors."
For additional information on factors that could cause our actual results to differ from expectations reflected in forward-looking
statements, please see "Risk Factors" in this prospectus supplement and in documents incorporated by reference in this prospectus supplement and
the accompanying prospectus.
All forward-looking statements attributed to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary
statement, and you should not place undue reliance on any forward-looking statement included in this prospectus supplement or the accompanying
prospectus. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or
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future events or for any other reason.

S-3

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
Petrobras is incorporating by reference into this prospectus supplement the following documents that it has filed with the Securities and
Exchange Commission ("SEC"):
(1)
The Petrobras Annual Report on Form 20-F for the year ended December 31, 2015 (the "2015 Form 20-F") filed with the SEC
on April 28, 2016.

(2)
The Petrobras Report on Form 6-K furnished to the SEC on May 17, 2016 containing the Awareness Letter furnished by
PricewaterhouseCoopers Auditores Independentes with respect to financial information as of and for the three month periods
ended March 31, 2016 and 2015, included in our quarterly report on Form 6-K for the quarter ended March 31, 2016.

(3)
The Petrobras Reports on Form 6-K furnished to the SEC on May 13, 2016, containing Petrobras's financial statements and
financial information in U.S. dollars as of March 31, 2016 and for the three-month periods ended March 31, 2016 and 2015,
prepared in accordance with International Financial Reporting Standards ("IFRS").

(4)
The Petrobras Report on Form 6-K furnished to the SEC on April 29, 2016, regarding an amendment to Petrobras's bylaws.

(5)
The Petrobras Report on Form 6-K furnished to the SEC on May 2, 2016, regarding the election of the board of directors of
Petrobras Distribuidora and the extension of the interim chief executive officer's mandate.

(6)
The Petrobras Report on Form 6-K furnished to the SEC on May 4, 2016, regarding the sale of certain distribution assets in
Chile.

(7)
The Petrobras Reports on Form 6-K furnished to the SEC on May 4, 2016, May 13, 2016 and May 16, 2016, regarding the sale of
Petrobras Argentina.

(8)
The Petrobras Report on Form 6-K furnished to the SEC on May 5, 2016, regarding the new composition of its statutory audit
committee.

(9)
The Petrobras Report on Form 6-K furnished to the SEC on May 9, 2016, regarding the signing of a term sheet containing the
terms and conditions for a financing contract with China Exim Bank and that the facility is under negotiation.

(10)
The Petrobras Report on Form 6-K furnished to the SEC on May 9, 2016, regarding its oil and natural gas production in April
2016.

(11)
The Petrobras Report on Form 6-K furnished to the SEC on May 11, 2016, regarding Fitch rating agency's downgrade of
Petrobras's corporate debt rating.

(12)
The Petrobras Report on Form 6-K furnished to the SEC on May 13, 2016, regarding the sale of Nova Transportadora do
Sudeste.

(13)
The Petrobras Report on Form 6-K furnished to the SEC on May 18, 2016, announcing the extension of certain concession
agreements entered into with the National Petroleum Agency for the exploration of the Marlim and Voador fields.

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S-4

(14)
The Petrobras Reports on Form 6-K furnished to the SEC on May 20, 2016, May 24, 2016 and May 31, 2016, announcing certain
changes in management and the appointment of Petrobras's new chief executive officer.

(15)
The Petrobras Report on Form 6-K furnished to the SEC on June 8, 2016, announcing the sale of Petrobras's liquefied natural
gas terminal and related thermoelectric power plants in the States of Rio de Janeiro and Ceará.

(16)
The Petrobras Report on Form 6-K furnished to the SEC on June 8, 2016, regarding its oil and natural gas production in May
2016.

(17)
The Petrobras Report on Form 6-K furnished to the SEC on June 15, 2016, announcing the resignation of a member of the board
of directors of Petrobras Distribuidora S.A.

(18)
The Petrobras Report on Form 6-K furnished to the SEC on June 16, 2016, announcing new oil discoveries in the Santos Basin.

(19)
The Petrobras Report on Form 6-K furnished to the SEC on June 16, 2016, announcing an order issued by the United States
Court of Appeals for the Second Circuit granting Petrobras's appeal to challenge the decision of the District Court, in which it
certified classes in the securities actions.

(20)
The Petrobras Report on Form 6-K furnished to the SEC on June 16, 2016, announcing the commencement of a competitive
process for the sale of Liquigás Distribuidora S.A.

(21)
The Petrobras Report on Form 6-K furnished to the SEC on June 24, 2016, announcing the implementation of a new
supplementary pension plan to Petrobras's employee pension fund (Petros).

(22)
The Petrobras Report on Form 6-K furnished to the SEC on June 30, 2016, announcing the approval by its board of directors of
the New Policy for the Disclosure of Material Fact or Act and for the Negotiation of Securities of Petrobras.

(23)
The Petrobras Report on Form 6-K furnished to the SEC on June 30, 2016, announcing the Refinaria Abreu e Lima (RNEST)
new record of monthly processing in the month of May.

(24)
The Petrobras Report on Form 6-K furnished to the SEC on June 30, 2016, announcing the creation of a Department of Strategy,
Organization and Management System, increasing its Executive Board from seven to eight members.

(25)
The Petrobras Report on Form 6-K furnished to the SEC on June 30, 2016, announcing the new composition of Petrobras's board
of directors' statutory committees.

(26)
The Petrobras Report on Form 6-K furnished to the SEC on July 5, 2016, announcing that Mr. Nelson Luiz Costa Silva is the
person appointed as the new Chief Strategy, Organization and Management System Officer.

(27)
The Petrobras Report on Form 6-K furnished to the SEC on July 5, 2016, announcing the commencement of the process to
transfer rights of oil and natural gas exploration, development and production in shallow water fields in the states of Ceará and
Sergipe.

(28)
Any future reports of Petrobras on Form 6-K furnished to the SEC that are identified in those forms as being incorporated by
reference into this prospectus supplement or the accompanying prospectus.

We will provide without charge to any person to whom a copy of this prospectus supplement is delivered, upon the written or oral request
of any such person, a copy of any or all of the documents referred to above which have been or may be incorporated herein by reference, other than
exhibits to such documents (unless such exhibits are specifically incorporated by reference in such documents). Requests should be directed to
Petrobras's Investor Relations Department located at Avenida República do Chile, 65 -- 10th Floor, 20031-912--Rio de Janeiro, RJ, Brazil
(telephones: 55-21-3224-1510 or 55-21-3224-9947).
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S-5

WHERE YOU CAN FIND MORE INFORMATION
Information that Petrobras files with or furnishes to the SEC after the date of this prospectus supplement, and that is incorporated by
reference herein, will automatically update and supersede the information in this prospectus supplement. You should review the SEC filings and
reports that Petrobras incorporates by reference to determine if any of the statements in this prospectus supplement, the accompanying prospectus
or in any documents previously incorporated by reference have been modified or superseded.
Documents incorporated by reference in this prospectus supplement are available without charge. Each person to whom this prospectus
supplement and the accompanying prospectus are delivered may obtain documents incorporated by reference herein by requesting them either in
writing or orally, by telephone or by e-mail from us at the following address:
Investor Relations Department
Petróleo Brasileiro S.A.-Petrobras
Avenida República do Chile, 65 -- 10th Floor
20031-912 -- Rio de Janeiro -- RJ, Brazil
Telephone: (55-21) 3224-1510/3224-9947
E-mail: [email protected]
In addition, you may review copies of the materials Petrobras files with or furnishes to the SEC without charge, and copies of all or any
portion of such materials can be obtained at the SEC's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC
at 1-800-SEC-0330 for further information about the Public Reference Room. Petrobras also files materials with the SEC electronically. The SEC
maintains an Internet site that contains materials that Petrobras files electronically with the SEC. The address of the SEC's website is
http://www.sec.gov.

S-6

SUMMARY
This summary highlights key information described in greater detail elsewhere, or incorporated by reference, in this prospectus
supplement and the accompanying prospectus. This summary is not complete and does not contain all of the information you should consider
before investing in the notes. You should read carefully the entire prospectus supplement, the accompanying prospectus, including "Risk Factors"
and the documents incorporated by reference herein, which are described under "Incorporation of Certain Documents by Reference" and "Where
You Can Find More Information."
In this prospectus supplement, unless the context otherwise requires or as otherwise indicated, references to "Petrobras" mean Petróleo
Brasileiro S.A.-Petrobras and its consolidated subsidiaries taken as a whole, and references to "PGF" mean Petrobras Global Finance B.V., a
wholly-owned subsidiary of Petrobras. Terms such as "we," "us" and "our" generally refer to both Petrobras and PGF, unless the context
requires otherwise or as otherwise indicated.
PGF
PGF is a wholly-owned finance subsidiary of Petrobras, incorporated under the laws of The Netherlands as a private company with
limited liability on August 2, 2012. PGF is an indirect subsidiary of Petrobras, and all of PGF's shares are held by Petrobras's Dutch subsidiary
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Petrobras International Braspetro B.V. PGF's business is to issue debt securities in the international capital markets to finance Petrobras's
operations. PGF does not currently have any operations, revenues or assets other than those related to the issuance, administration and repayment
of its debt securities. All debt securities issued by PGF are fully and unconditionally guaranteed by Petrobras. PGF was incorporated for an
indefinite period of time.
Petrobras uses PGF as its main vehicle to issue securities in the international capital markets. PGF's first offering of notes fully and
unconditionally guaranteed by Petrobras occurred in September 2012. In December 2014, PGF assumed the obligations of Petrobras's former
finance subsidiary Petrobras International Finance Company S.A. ("PifCo") under all then outstanding notes originally issued by PifCo, which
continue to benefit from Petrobras's full and unconditional guarantee.
PGF's registered office is located at Weena 762, 3014 DA Rotterdam, The Netherlands, and its telephone number is 31 (0) 10 206-7000.
Petrobras
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, organized and existing under the laws of Brazil. For the years ended December 31, 2014 and 2015, Petrobras had
sales revenues of U.S.$143.7 billion and U.S.$97.3 billion, gross profit of U.S.$34.2 billion and U.S.$29.8 billion and net loss attributable to
shareholders of Petrobras of U.S.$7.4 billion and U.S.$8.5 billion, respectively. For the three-month period ended March 31, 2016, Petrobras had
sales revenues of U.S.$18.0 billion, gross profit of U.S.$5.4 billion and net loss attributable to shareholders of Petrobras of U.S.$318 million. In
2015, Petrobras's average domestic daily oil and NGL (natural gas liquid) production was 2,128 mbbl/d, which represented more than 90% of
Brazil's total oil and NGL production. Petrobras engages in a broad range of activities, which cover the following segments of its operations:
· Exploration and Production: this business segment covers exploration, development and production of crude oil, NGL and natural
gas in Brazil and abroad, for the primary purpose of supplying our domestic refineries and the sale of surplus crude oil and oil
products produced in our natural gas processing plants to the domestic and foreign markets. Our exploration and production segment
also operates through partnerships with other companies;
· Refining, Transportation and Marketing: this business segment covers refining, logistics, transportation and trading of crude oil and
oil products in Brazil and abroad, exporting of ethanol, extraction and processing of shale, as well as holding equity interest in
petrochemical companies in Brazil;

S-7

· Gas and Power: this business segment covers transportation, trading of natural gas produced in Brazil and abroad, imported natural
gas, transportation and trading of NGL, generation and trading of electricity, as well as holding equity interest in (i) transporters and
distributors of natural gas and (ii) thermoelectric power plants in Brazil, in addition to being responsible for our fertilizer business;
· Distribution: this business segment covers activities of Petrobras Distribuidora S.A., which operates through its own retail network
and wholesale channels to sell oil products, ethanol and vehicle natural gas in Brazil to retail, commercial and industrial customers,
as well as other fuel wholesalers. This segment also includes distribution of oil products operations abroad (South America); and
· Biofuel: this business segment covers production of biodiesel and its co-products, as well as ethanol-related activities such as equity
investments, production and trading of ethanol, sugar and the surplus electric power generated from sugarcane bagasse.
Additionally, we have a Corporate segment that has activities that are not attributed to the other business segments, notably those related
to corporate financial management, corporate overhead and other expenses, including actuarial expenses related to the pension and medical
benefits for retired employees and their dependents. For further information regarding our business segments, see Note 4.2. to our audited
consolidated financial statements for the year ended December 31, 2015.
Petrobras's principal executive office is located at Avenida República do Chile, 65, 20031-912 - Rio de Janeiro RJ, Brazil, its telephone
number is (55-21) 3224-4477, and our website is www.petrobras.com.br. The information on our website, which might be accessible through a
hyperlink resulting from this URL, is not and shall not be deemed to be incorporated into this prospectus supplement.
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S-8

The Offering
Issuer
Petrobras Global Finance B.V., or "PGF."
The 2021 Notes
U.S.$1,750,000,000 aggregate principal amount of 8.375% Global Notes due 2021, or the "2021
Notes."
The 2026 Notes
U.S.$1,250,000,000 aggregate principal amount of 8.750% Global Notes due 2026, or the "2026
Notes."
Issue Price
For the 2021 Notes: 101.971% of the aggregate principal amount, plus accrued interest from May
23, 2016.
For the 2026 Notes: 99.981% of the aggregate principal amount, plus accrued interest from May 23,
2016.
Closing Date
July 13, 2016.
Maturity Date
For the 2021 Notes: May 23, 2021.
For the 2026 Notes: May 23, 2026.

Fungibility
The 2021 Notes will be consolidated, form a single series, and be fully fungible with PGF's
outstanding U.S.$5,000,000,000 8.375% Global Notes due 2021 issued on May 23, 2016 (ISIN
US71647NAP42 and CUSIP 71647N AP4), or the "2021 original notes." After giving effect to this
offering, the total amount outstanding of PGF's 8.375% Global Notes due 2021 will be
U.S.$6,750,000,000.

The 2026 Notes will be consolidated, form a single series, and be fully fungible with PGF's
outstanding U.S.$1,750,000,000 8.750% Global Notes due 2026 issued on May 23, 2016 (ISIN
US71647NAQ25and CUSIP 71647N AQ2), or the "2026 original notes" and together with the 2021
Notes the "original notes." After giving effect to this offering, the total amount outstanding of
PGF's 6.750% Global Notes due 2026 will be U.S.$3,000,000,000.

Interest
For the 2021 Notes: The 2021 Notes will bear interest from May 23, 2016, the date of original
issuance of the notes, at the rate of 8.375% per annum, payable semi-annually in arrears on each
interest payment date.
For the 2026 Notes: The 2026 Notes will bear interest from May 23, 2016, the date of original
issuance of the notes, at the rate of 8.750% per annum, payable semi-annually in arrears on each
interest payment date.
Interest Payment Dates
May 23 and November 23 of each year, commencing on November 23, 2016.

Denominations
PGF will issue the notes only in denominations of U.S.$2,000 and integral multiples of U.S.$1,000
in excess thereof.
Trustee, Registrar, Paying Agent and
Transfer Agent
The Bank of New York Mellon.
Codes

https://www.sec.gov/Archives/edgar/data/1119639/000129281416005223/pbra20160708_424b2.htm[7/11/2016 9:02:55 AM]

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