Thursday, April 16, 2009

StatoilHydro Announces $2B Note Sale In 2 Tranches

Norwegian oil and gas company StatoilHydro (STL.OL) on Thursday launched its $2 billion two-part note sale, said IFR, a Thomson Reuters service.

The sale includes $500 million of five-year notes launched at 220 basis points more than comparable U.S. Treasuries and $1.5 billion of 10-year notes launched at 245 basis points over Treasuries.

Banc of America, Citigroup and JP Morgan are the joint lead managers of the sale, said IFR.

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