New Issue-Concho Resources sells $600 mln in notes

Thu Dec 9, 2010 5:55pm EST

  Dec 9 (Reuters) - Concho Resources Inc (CXO.N) on Thursday
sold $600 million of senior notes, said IFR, a Thomson Reuters
service.
  The size of the deal was increased from an originally
planned $350 million.
  JP Morgan, Bank of America Merrill Lynch, Credit Agricole
and Wells Fargo were the joint bookrunning managers for the
sale.
BORROWER: CONCHO RESOURCES INC
AMT $600 MLN      COUPON 7.00 PCT     MATURITY 1/15/2021 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 7/15/2011
MOODY'S B3        YIELD 7.00 PCT      SETTLEMENT 12/14/2010
S&P DOUBLE-B      SPREAD 378 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS                                  

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