New Issue-Seadrill sells $350 mln notes

Thu Sep 30, 2010 1:51pm EDT

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 Sept 30 (Reuters) - Seadrill Ltd (SDRL.OL) on Thursday sold
$350 million of senior unsecured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
 Carnegie ASA and Pareto Securities were the joint
bookrunning managers for the sale.
BORROWER: SEADRILL LTD
AMT $350 MLN      COUPON 6.50 PCT     MATURITY 10/5/2015 
TYPE SR NTS       ISS PRICE 100.00    FIRST PAY 4/5/2011 
MOODY'S N/A       YIELD 6.50 PCT      SETTLEMENT 10/5/2010
S&P N/A           SPREAD 500 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN US SWAP  NON-CALLABLE       

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