Schlumberger Investment plans offering of 10-year senior notes

By Cristal Cody

Tupelo, Miss., Nov. 25 - Schlumberger Investment SA (A1) plans to price dollar-denominated notes due 2023 in a private placement offering, according to a 424B3 filing with the Securities and Exchange Commission and a market source on Monday.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

The issue is unconditionally guaranteed by parent company Schlumberger Ltd.

Proceeds will be used for general corporate purposes of the Schlumberger group.

Houston-based Schlumberger Ltd. supplies technology, integrated project management and information solutions to customers in the oil and gas industries.

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