By Cristal Cody
Tupelo, Miss., Nov. 13 – Equinor ASA (Aa2/AA-) priced $1 billion of 3.25% 30-year guaranteed notes on Wednesday at a spread of Treasuries plus 97 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 98.415 to yield 3.334%.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC were the bookrunners.
The notes are guaranteed by subsidiary Equinor Energy AS.
Proceeds will be used for general corporate purposes, which may include debt repayment.
Equinor ASA, formerly known as Statoil ASA, is an oil, gas, wind and solar energy company based in Stavanger, Norway.
Issuer: | Equinor ASA
|
Guarantor: | Equinor Energy AS
|
Amount: | $1 billion
|
Maturity: | Nov. 18, 2049
|
Description: | Senior notes
|
Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC
|
Coupon: | 3.25%
|
Price: | 98.415
|
Yield: | 3.334%
|
Spread: | Treasuries plus 97 bps
|
Call features: | Make-whole call before May 18, 2049 at price equal to greater of par and Treasuries plus 15 bps; thereafter at par
|
Trade date: | Nov. 13
|
Settlement date: | Nov. 18
|
Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
Distribution: | SEC registered
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.