By Christine Van Dusen
Atlanta, May 26 - Brazil's OGX Petroleo e Gas Participacoes SA sold $2.563 billion of senior notes due 2018 at par to yield 8½%, a market source said.
The pricing matched guidance, set at the 8½% area.
JPMorgan, HSBC, Credit Suisse and Itau were the bookrunners for the Rule 144A and Regulation S notes.
Proceeds will be used for the appraisal and development of the company's Waikiki and Waimea complexes in the Campos Basin, to fund production and development and for general corporate purposes.
OGX Petroleo e Gas is a Flamengo, Brazil-based oil and gas exploration and production company.
| Issuer: | OGX Petroleo e Gas Participacoes SA
|
| Amount: | $2.563 billion
|
| Maturity: | 2018
|
| Description: | Senior notes
|
| Bookrunners: | JPMorgan, HSBC, Credit Suisse, Itau
|
| Coupon: | 8½%
|
| Price: | Par
|
| Yield: | 8½%
|
| Call features: | Non-callable for four years
|
| Trade date: | May 26
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 8½% area
|
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