Statoil to redeem $750 million 1.95% notes, $1.5 billion 5.25% notes

By Susanna Moon

Chicago, Nov. 13 – Statoil ASA plans to redeem $750 million of 1.95% notes due Nov. 8, 2018 and $1.5 billion 5.25% notes due April 15, 2019.

The notes will be redeemed Dec. 14 under the make-whole provisions of the note terms and the redemption prices set on the third business day before the redemption date, according to a 6-K filing with the Securities and Exchange Commission.

The oil and gas production company is based in Stavanger, Norway.

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