Replies to post #4983 on Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

Hi garyadam, hope you are doing fine, you are right, sorry for my mistake:

Indenture for HRT Participações em Petróleo S.A.’S 1st Private Issuance of Debentures Convertible Into Common Shares (pdf p.10)

4.9.1. The Unit Par Value of the Debentures shall not be adjusted. The Debentures shall bear
interests corresponding to the cumulated variation at the rate of ninety percent (90%) of the daily
average rates for one-day Interbank Deposits Over Extra Group (“DI Rate”), denominated in percentage
form based in one year of two hundred and fifty-two (252) business days, as calculated and quoted by
CETIP S.A. – Organized Counter of Assets and Derivatives (“CETIP”), over the Unit Par Value or the
balance of the Debenture’s Unit Par Value, from the date of subscription of the relevant debentures, and
paid at the end of each Capitalization Period, pro rata temporis, pursuant to the formula provided in
subsection 4.9.1.1 (“Remuneration”).
4.9.1.1. The Remuneration shall be calculated by using the following formula:
J=VNe x (DI – 1)


here's the link wher you can find the "DI Rate" (currently 11.59%)
www.cetip.com.br/?lang=en-us
click the button "more" (next to the DI Rate and INDEX DI)
where one can calculate the accumulated DI rate..

ATB!