Petrobras to Fully Redeem $670 Million of 7.375% Global Notes Due 2027 in June
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Petroleo Brasileiro SA- Petrobras ( (PBR) ) just unveiled an announcement.
On May 28, 2026, Petrobras announced that its financing arm Petrobras Global Finance B.V. has notified investors it will redeem in full the outstanding 7.375% Global Notes due 2027, totaling $670,009,000 in principal. The redemption is scheduled for June 26, 2026, with holders to receive the greater of par or a make-whole amount based on discounted remaining payments, plus accrued interest, after which the notes and Petrobras’s related guarantee will be cancelled.
Payment to investors will be processed through The Bank of New York Mellon and The Depository Trust Company, and interest on the notes will stop accruing from the redemption date. Petrobras plans to fund the transaction using existing cash, a move that reduces its gross debt and underscores ongoing balance sheet strengthening, which is relevant for bondholders and equity investors monitoring the company’s capital structure and refinancing risk.
The most recent analyst rating on (PBR) stock is a Buy with a $24.80 price target. To see the full list of analyst forecasts on Petroleo Brasileiro SA- Petrobras stock, see the PBR Stock Forecast page.
Spark’s Take on PBR Stock
According to Spark, TipRanks’ AI Analyst, PBR is a Outperform.
The score is driven primarily by solid underlying financial performance and a very attractive valuation (low P/E with a high dividend yield). Earnings-call commentary reinforces operational strength and resilience, while the main drags are near-term technical weakness and ongoing exposure to oil-price volatility (including no hedging) alongside meaningful leverage.
To see Spark’s full report on PBR stock, click here.
More about Petroleo Brasileiro SA- Petrobras
Petróleo Brasileiro S.A. – Petrobras is Brazil’s state-controlled oil and gas major, operating across exploration, production, refining and fuel distribution. Listed in New York under the ticker PBR, the company raises funding globally, including through international bond issues structured via its wholly owned financing subsidiary, Petrobras Global Finance B.V.
Average Trading Volume: 28,155,403
Technical Sentiment Signal: Strong Buy
Current Market Cap: $117.1B
For detailed information about PBR stock, go to TipRanks’ Stock Analysis page.
