BNY Mellon to provide transfer agency services to Petrobas
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BNY Mellon to provide transfer agency services to Petrobas 09 February 2011 New York Reporter: Steven Lafferty
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BNY Mellon Corporate Trust has been appointed trustee, paying agent, registrar and transfer agent for Petroleo Brasileiro SA's (Petrobras) US$6 billion bond issue, the proceeds of which will be used to finance Petrobras' planned capital expenditure under its 2010-2014 business plan. Petrobras is Brazil's largest energy company.
In its role, BNY Mellon Corporate Trust will provide a variety of services for the debt issue, including processing principal and interest payments and maintaining bondholder records.
"We expect issuance activity in the BRIC countries to strengthen this year, and our appointment on this issuance speaks to our extensive experience in servicing the energy sector," said Sonia Chaliha, managing director and head of the Global Americas region for BNY Mellon Corporate Trust. "Given our global leadership and capabilities, we are well-positioned to support Petrobras as they finance a project to tap and refine significant Brazilian oil reserves."
"We chose to work with BNY Mellon on this deal due to our longstanding relationship and its capabilities as an international trustee," said Pedro Augusto Bonesio, Corporate Finance Executive Manager at Petrobras.
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