New Issue-Pride International sells $500 mln in notes

May 28 (Reuters) - Offshore driller Pride International
Inc (PDE.N) on Thursday sold $500 million in 10-year senior
notes, said IFR, a Thomson Reuters service.

Citigroup and Goldman Sachs were the active bookrunners
for the sale. Bank of America and Wachovia were the passive
bookrunners.
BORROWER: PRIDE INTERNATIONAL INC
AMT $500 MLN COUPON 8.50 PCT MATURITY 6/15/2019
TYPE SR NOTES ISS PRICE 99.641 FIRST PAY 12/15/2009
MOODY'S Ba1 YIELD 8.533 PCT SETTLEMENT 6/2/2009
S&P BBB-MINUS SPREAD 487.5 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS*
*COC PUT $101