Statoil ASA To Borrow $1.5B In 5Yr, 10Yr, 30Yr Bonds Wednesday

Statoil ASA To Borrow $1.5B In 5Yr, 10Yr, 30Yr Bonds Wednesday
dj
Τετ, 16 Νοεμβρίου 2011 - 19:06
Norwegian energy company Statoil ASA (STO, STL.OS) plans to borrow $1.5 billion in a three-part issue in the U.S. debt markets Wednesday, according to a person familiar with the deal.
Norwegian energy company Statoil ASA (STO, STL.OS) plans to borrow $1.5 billion in a three-part issue in the U.S. debt markets Wednesday, according to a person familiar with the deal.

The issue of senior unsecured notes features five-, 10-, and 30-year maturities, guaranteed by Statoil Petroleum ASA.

Lead underwriters are Bank of America Merrill Lynch, Deutsche Bank AG(DBK.XE, DB), and J.P. Morgan Chase & Co. (JPM). The proceeds are being used for general corporate purposes.

The deal is expected to be rated Aa2 by Moody's Investors Service and AA-minus by Standard & Poor's.

Διαβάστε ακόμα