By Andrea Heisinger
New York, May 8 - Statoil ASA sold $3 billion of notes (Aa2/AA-/) in four tranches on Wednesday, a market source said.
A $500 million tranche of five-year floating-rate notes priced at par to yield Libor plus 29 basis points.
There was also $750 million of 1.15% five-year notes sold at a spread of Treasuries plus 45 bps.
The third part was $900 million of 2.65% notes due 2024, which priced at 90 bps over Treasuries.
Finally, there was $850 million of 3.95% 30-year bonds sold at a spread of Treasuries plus 95 bps.
Full terms were not available at press time.
Bookrunners were Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBS Securities Inc.
Proceeds will be used for general corporate purposes.
The notes are guaranteed by Statoil Petroleum AS.
The issuer last tapped the U.S. bond market in a $2 billion sale in three parts on Nov. 14, 2012. That offering included a 1.2% five-year note sold at 60 bps over Treasuries, a 2.45% note due 2023 priced at 90 bps over Treasuries and a reopening of 4.25% bonds due 2041 priced to yield 90 bps over Treasuries.
The oil and gas production company is based in Stavanger, Norway.
| Issuer: | Statoil ASA
|
| Guarantor: | Statoil Petroleum AS
|
| Issue: | Notes
|
| Amount: | $3 billion
|
| Bookrunners: | Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc.
|
| Trade date: | May 8
|
| Settlement date: | May 15
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
|
|
| Five-year floaters
|
| Amount: | $500 million
|
| Maturity: | 2018
|
| Coupon: | Libor plus 29 bps
|
| Price: | Par
|
| Yield: | Libor plus 29 bps
|
| Call: | Non-callable
|
|
|
| Five-year fixed-rate notes
|
| Amount: | $750 million
|
| Maturity: | 2018
|
| Coupon: | 1.15%
|
| Spread: | Treasuries plus 45 bps
|
|
|
| Notes due 2024
|
| Amount: | $900 million
|
| Maturity: | 2024
|
| Coupon: | 2.65%
|
| Spread: | Treasuries plus 90 bps
|
|
|
| 30-year bonds
|
| Amount: | $850 million
|
| Maturity: | 2043
|
| Coupon: | 3.95%
|
| Spread: | Treasuries plus 95 bps
|
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