Chevron to redeem all $2 billion of 3.95% notes via offering proceeds

By Tali David

Minneapolis, Nov. 28 -Chevron Corp. plans use the proceeds of a note offering to redeem all of its outstanding 3.95% notes due March 3, 2014, according to a 424B3 filed with the Securities and Exchange Commission.

As of Oct. 31, the outstanding principal amount of the 3.95% notes was $2 billion.

Chevron is a San Ramon, Calif.-based petroleum, chemical, mining, power and energy company.

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