Petrobras  5.375% 01 Oct 2029

Business Description

Petrobras (Brazilian Petroleum Corporation) is a Brazilian petrochemical giant involved in the exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and bio-fuel segments.

The company operates in six business areas, listed in order of revenue:

  • Refining, transportation and marketing – refining, logistics, transportation, trading operations, oil products and crude oil exports and imports and petrochemical investments in Brazil
  • Exploration and production – crude oil, NGL and natural gas exploration, development and production in Brazil
  • Distribution – distribution of oil products, ethanol, bio-diesel and natural gas to wholesalers and through the Petrobras Distribuidora S.A. retail network in Brazil
  • Gas and power – transportation and trading of natural gas and LNG, and generation and trading of electric power, and the fertiliser business
  • International – exploration and production of oil and gas, refining, transportation and marketing, distribution and gas and power operations outside of Brazil

Bond Information

Coupon

5.375%

Maturity Date

01 Oct 2029

Next Interest Payment

01 Oct 2020

Interest Period

12 months

ISIN

XS0835891838

Asset Security

Unsecured, guarantees from parent

Amount

£450,000,000

Ratings

S&P:  BB-, Moody's:  Ba2, Fitch:  BB-

Status

Payments on time

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Industry

Energy, Utilities & Infrastructure

Country of Origin

Brazil

Year of Incorporation

1953

Ownership Status

Public

Capital Structure

Senior Debt 47%

Equity 53%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

Source: Public Company Information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Market cap (from Bloomberg) as at 15/07/2019

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company Information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

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