February 09, 2011

BNY Mellon Corporate Trust Appointed Trustee, Paying Agent, Registrar and Transfer Agent for Petrobras' $6 Billion Bond Issue

NEW YORK, February 9, 2011 — 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.

BNY Mellon Corporate Trust services $12 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.  It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available at www.bnymellon.com.