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New Issue-Concho Resources sells $600 mln in snr nts
May 18, 2011 / 9:51 PM / 6 years ago

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

 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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