Statoil announces $ 1.25 billion selling two-part debt - IFR

Norway’s Statoil on Tuesday announced plans to sell $1.25 billion of debt in a 2-part deal, IFR reported. The company is planning to sell $750 million of 7-year notes and $500 million of 30-year bonds with pricing expected later Tuesday, said IFR, a Thomson Reuters service.

Barclays, Deutsche Bank and JPMorgan are lead managers on the deal.

Source: Thomson Reuters