Federative Republic Of Brazil Announces Final Results Of Tender Offer

BRASILIA, Brazil, Oct. 24, 2013 /PRNewswire/ -- The Federative Republic of Brazil ("Brazil") announced today that, pursuant to its offer (the "Offer") to purchase for cash the bonds listed on the cover of its Offer to Purchase, dated October 23, 2013 (the "Offer to Purchase"), the Asia Tender Period expired as scheduled at 11:59 p.m., New York City time, on October 23, 2013. All capitalized terms used but not defined in this communication have the respective meanings specified in the Offer to Purchase.

In accordance with the Offer to Purchase, Brazil in its sole discretion has determined the Maximum Purchase Amount applicable to the Offer to be U.S.$1,609,654,000 principal amount. U.S.$1,700,000,000 aggregate principal amount of New Bonds to be issued and sold in the New Bonds Offering were allocated to holders who validly tendered their Bonds in the Tender Offer and whose orders were accepted for New Bonds in the New Bond Offering.  The purchase price to be paid for each U.S.$1,000 principal amount of each series of the Bonds validly tendered and accepted pursuant to the Offer was set forth in a previous press release by Brazil dated October 23, 2013.

The aggregate principal amount of Preferred and Non-Preferred Tenders of each series of Bonds and the aggregate principal amount of Preferred and Non-Preferred Tenders of such series that has been accepted are shown in the table below. Non-Preferred Tenders of the 5.875% Global Bonds due 2019 were not accepted. Proration of Preferred Tenders has occurred on the 8.750% Global Bonds due 2025 and proration of the Non-Preferred Tenders has occurred on the 6.000% Global Bonds due 2017. Appropriate adjustments will be made so that purchases are made in the minimum denominations set forth in the Offer to Purchase.

Bonds


Aggregate Principal Amount of Preferred Tenders


Aggregate Principal Amount of Preferred Tenders Accepted


Aggregate Principal Amount of Non-Preferred Tenders


Aggregate Principal Amount of Non-Preferred Tenders Accepted

6.000% Global Bonds due 2017


U.S.$93,929,000


U.S.$93,929,000


U.S.$507,350,000


U.S.$134,509,000

5.875% Global Bonds due 2019


U.S.$351,298,000


U.S.$351,298,000


U.S.$27,290,000


U.S.$0

8.875% Global Bonds due 2019


U.S.$34,842,000


U.S.$34,737,000


U.S.$251,200,000


U.S.$251,200,000

12.750% Global Bonds due 2020


U.S.$138,983,000


U.S.$138,983,000


U.S.$49,000


U.S.$49,000

8.875% Global Bonds due 2024


U.S.$87,839,000


U.S.$87,839,000


U.S.$7,881,000


U.S.$7,881,000

8.875% Global Bonds due 2024


U.S.$5,425,000


U.S.$5,425,000


U.S.$0


U.S.$0

8.750% Global Bonds due 2025


U.S.$163,440,000


U.S.$153,917,000


U.S.$0


U.S.$0

10.125% Global Bonds due 2027


U.S.$251,070,000


U.S.$251,070,000


U.S.$670,000


U.S.$670,000

12.250% Global Bonds due 2030


U.S.$98,147,000


U.S.$98,147,000


U.S.$0


U.S.$0

Brazil has retained Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. to act as Dealer Managers for the Offer. Deutsche Bank Securities Inc. has been appointed Billing and Delivering Bank. Questions regarding the Offer may be directed to the Dealer Managers using the following information:

Deutsche Bank Securities Inc.
Attention:  Liability Management Group

In the United States, call toll free: +1-855-287-1922

Outside the United States, call collect: +1-212-250-7527

In Asia: +65 6423 5934

e-mail: US_Liability_Strategies_Team@list.db.com

HSBC Securities (USA) Inc.
Attention:  Global Liability Management Group

In the United States, call toll free: +1-888-HSBC-4LM
Outside the United States, call collect: +1-212-525-5552

In Asia: +852 2822 4100

e-mail: liability.management@hsbcib.com

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of the securities referenced in this communication in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  Securities may not be offered or sold in the United States absent registration or an exemption from registration, and any public offering of securities to be made in the United States will be made by means of a prospectus.

United Kingdom:  Neither the communication of this announcement nor any other offer materials relating to the Offer has been approved by an authorized person for the purposes of Section 21 of the UK Financial Services and Markets Act 2000.  This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Articles 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

SOURCE Federative Republic of Brazil



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