By Cristal Cody
Eureka Springs, Ark., Feb. 29 – Exxon Mobil Corp. sold $12 billion of notes (Aaa/AAA) in eight tranches on Monday, according to a market source.
The company priced $750 million of floating-rate notes due March 1, 2018 with a coupon of three-month Libor plus 60 basis points.
Exxon Mobil sold a $1 billion three-year fixed-rate tranche of 1.439% notes with a 65 bps over Treasuries spread.
The company printed a $250 million tranche of floating-rate notes due March 1, 2019 with a coupon of Libor plus 78 bps.
Exxon Mobil sold a five-year fixed-rate tranche of 1.708% notes with a spread of 80 bps over Treasuries.
The company priced $2.5 billion of 2.222% notes due March 1, 2021 with a spread of 100 bps over Treasuries.
A seven-year tranche of 2.726% notes priced with a spread of 120 bps plus Treasuries.
The company sold $2.5 billion of 3.043% 10-year notes with a spread of 130 bps over Treasuries.
In the final tranche, Exxon Mobil priced $2.5 billion of 4.114% 30-year bonds at 150 bps plus Treasuries.
BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
Exxon Mobil is an energy company based in Irving, Texas.
| Issuer: | Exxon Mobil Corp.
|
| Amount: | $12 billion
|
| Securities: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
|
| Trade date: | Feb. 29
|
| Ratings: Standard & Poor’s: AAA
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Distribution: | SEC registered
|
|
|
| Amount: | $750 million
|
| Maturity: | March 1, 2018
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 60 bps
|
|
|
| Amount: | $1 billion
|
| Maturity: | March 1, 2018
|
| Securities: | Fixed-rate notes
|
| Coupon: | 1.439%
|
| Spread: | 65 bps over Treasuries
|
|
|
| Amount: | $250 million
|
| Maturity: | March 1, 2019
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 78 bps
|
|
|
| Amount: | $1.25 billion
|
| Maturity: | March 1, 2019
|
| Securities: | Fixed-rate notes
|
| Coupon: | 1.708%
|
| Spread: | 80 bps over Treasuries
|
|
|
| Amount: | $2.5 billion
|
| Maturity: | March 1, 2021
|
| Securities: | Fixed-rate notes
|
| Coupon: | 2.222%
|
| Spread: | 100 bps over Treasuries
|
|
|
| Amount: | $1.25 billion
|
| Maturity: | March 1, 2023
|
| Securities: | Fixed-rate notes
|
| Coupon: | 2.726%
|
| Spread: | 120 bps over Treasuries
|
|
|
| Amount: | $2.5 billion
|
| Maturity: | March 1, 2026
|
| Securities: | Fixed-rate notes
|
| Coupon: | 3.043%
|
| Spread: | 130 bps over Treasuries
|
|
|
| Amount: | $2.5 billion
|
| Maturity: | March 1, 2046
|
| Securities: | Fixed-rate notes
|
| Coupon: | 4.114%
|
| Spread: | 150 bps over Treasuries
|
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