Petrobras approves Debentures Public Offering

Petrobras approves Debentures Public Offering

Rio de Janeiro, July 23, 2019 – Petróleo Brasileiro SA – Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil (“CVM”), hereby informs that the Board of Directors, in a meeting held today, approved the 7th (seventh) issuance of simple, non-convertible unsecured debentures (“Debentures”), in up to 3(three) series, with allocation of volumes among the series to be defined in a bookbuilding procedure (“interconnecting tranches”), in the initial amount of R$ 3,000,000,000.00 (three billion reais) for public distribution, under a regime of best efforts, pursuant to CVM Instruction 400, of December 29,
2003, as in force (“CVM Instruction 400”), considering the procedure indicated for issuers with large exposure in the market, according to articles 6 -A and 6-B of the refered instruction (“Offer”).
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