Exxon sets guidance for planned notes in three-, five-, 10-year tranches; pricing Monday

By Aleesia Forni

Virginia Beach, March 17 - Exxon Mobil Corp. is planning to price senior notes in tranches due 2017, 2019 and 2024 on Monday, according to a market source and a 424B2 filed with the Securities and Exchange Commission.

The sale is expected to include three-year notes guided at Treasuries plus the mid-20 basis points area and a floating-rate tranche talked at the Libor equivalent.

A five-year tranche is being guided in the area of Treasuries plus mid-20 bps. A floating-rate tranche due 2019 is being guided at the Libor equivalent.

The 10-year notes are guided in the high-50 bps area over Treasuries.

HSBC Securities Inc., J.P. Morgan Securities LLC, Barclays, BofA Merrill Lynch, Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are the joint bookrunners.

Proceeds will be used for general corporate purposes, including funding for working capital, acquisitions, capital expenditures, refinancing existing commercial paper borrowings and other business opportunities.

The oil and gas company is based in Irving, Texas.

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