These bonds could have been converted into preferred shares issued by PETROBRAS, as long as the bond holders complied with the requirements of the Joint Stock Company Law and of art. 18 of Law Number 2.004/53.

In order to facilitate the conversion, from 1957 to 1963 Petrobras undertook public share subscriptions to increase its corporation capital. The service rendered to those interested in redeeming the bonds or in converting them into PETROBRAS shares was done throughout the Country through an extensive network of bank branches, an effort previously divulged by the Press.

It so happens, however, that the Bond values, printed in "cruzeiros antigos" ("old Cruzeiros") (currency in effect at the time) could not be corrected since these titles had been issued between 1956 and 1959, and monetary correction was only instituted in the Country in 1964, therefore, the bonds had no representativeness in the current exchange.

Furthermore, more than 20 (twenty) years later, bond holders who had not manifested themselves in the due period of time could no longer request to receive the redemption value or request conversion since this right was not exercised in the period provided for by law or in the conditions mentioned on the back of the bonds themselves, which caused the bonds to expire.

i have the real buyer for these bonds. no gimmicks.. fakers are reported to interpol and home security usa. this is the least they deserve to get. pleaee contact offboard with your offers.

please have ready.

skr
evaluations.
seller info
discount
amount
series
isin/cusip if any
poa if applicable
coordinates

court orders about the bonds.there was a recent tribunal order ordering the petrobras to comply with interest and obligations.

thnaks

i know whois mr alejandro javier peguero that post here:@presidency.com this person hasnt any buyer for these bonds and are playing all over the world.

i can hear serious offer to sell my bonds. contact with me out off this board,please

I have Petrobras bonds which every body ask to me to work but time is going every day. My bonds are in a dealer bank of Brazil. The updated value is real, done by the official Court Appraiser and confirmde by the dealer bank.

This is my secret .mail : druido15@hotmail.com

Thanks also to every body.

I have just joined this board for this purpose only, because I have also been OFFERED about $100 million US in the form of this bonds as payment for services rendered (construction), 4th series instead of 3rd. And it is true, precious little information about them is available on the internet and this was the only site with some apparently solid info available inmediately. Some help would be greatly apprecciated, please. Thank you very much.