New Issue-Concho Resources sells $600 mln in snr nts

Wed May 18, 2011 5:48pm EDT

 May 18 (Reuters) - Concho Resources Inc (CXO.N) on
Wednesday sold $600 million of senior notes, said IFR, a
Thomson Reuters service.
 The size of the deal was increased from an originally
planned $400 million.
 Bank of America Merrill Lynch, JP Morgan and Wells Fargo
were the joint bookrunning managers for the sale.
BORROWER: CONCHO RESOURCES INC
AMT $600 MLN      COUPON 6.50 PCT     MATURITY 1/15/2022 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 1/15/2012
MOODY'S B3        YIELD 6.50 PCT      SETTLEMENT 5/23/2011
S&P DOUBLE-B      SPREAD 338 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    CALLABLE 1/15/2017*
*MAKE-WHOLE CALL 50 BPS                                  

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