By Andrea Heisinger
Omaha, May 5 - ConocoPhillips Co. priced $1.5 billion senior unsecured notes (A1/A/A) in three tranches Monday, an informed source said.
A $400 million tranche of 4.4% five-year notes priced at 99.825 to yield 4.439%, or Treasuries plus 130 basis points.
A $500 million tranche of 5.2% 10-year notes priced at 99.991 to yield 5.201%, or Treasuries plus 135 bps.
A $600 million tranche of 5.9% 30-year notes priced at 99.622 to yield 5.9%, or Treasuries plus 135 bps.
All of the tranches have make-whole redemption options of Treasuries plus 20 bps.
Bookrunners were RBS Greenwich Capital Markets and Citigroup Global Markets Inc.
Proceeds will be used to reduce outstanding commercial paper and for general corporate purposes.
The energy company is based in Houston.
| Issuer: | ConocoPhillips Co.
|
| Issue: | Senior unsecured notes
|
| Amount: | $1.5 billion
|
| Bookrunners: | RBS Greenwich Capital, Citigroup Global Markets Inc.
|
| Trade date: | May 5
|
| Settlement date: | May 8
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A
|
|
|
| Five-year notes
|
| Amount: | $400 million
|
| Maturity: | May 15, 2013
|
| Coupon: | 4.4%
|
| Price: | 99.825
|
| Yield: | 4.439%
|
| Spread: | Treasuries plus 130 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
|
|
| 10-year notes
|
| Amount: | $500 million
|
| Maturity: | May 15, 2018
|
| Coupon: | 5.2%
|
| Price: | 99.991
|
| Yield: | 5.201%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
|
|
| 30-year notes
|
| Amount: | $600 million
|
| Maturity: | May 15, 2038
|
| Coupon: | 5.9%
|
| Price: | 99.622
|
| Yield: | 5.9%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
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