New Issue-Talisman Energy sells $700 mln in 10-year snr notes

Wed May 27, 2009 3:04pm EDT

  May 27 (Reuters) - Canadian oil and gas producer Talisman
Energy Inc. (TLM.N) (TLM.TO) on Wednesday sold $700 million in
10-year senior notes, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally
planned $500 million.
  Bank of America, BNP Paribas, Citigroup, and RBC were the
joint bookrunning managers for the sale.
BORROWER: TALISMAN ENERGY INC
AMT $700 MLN    COUPON 7.75 PCT     MATURITY 6/1/2019  
TYPE SR NOTES   ISS PRICE 99.596    FIRST PAY 12/1/2009
MOODY'S Baa2    YIELD 7.809 PCT     SETTLEMENT 6/1/2009
S&P BBB         SPREAD 412.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH BBB         MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS

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