New Issue-Petro-Canada sells $1.5 bln 2-pt sr unsec nts

May 12 (Reuters) - Canadian integrated oil and gas company
Petro-Canada (PCA.TO) on Monday sold $1.5 billion of two-part
senior unsecured notes, said market sources.

Citigroup Global Markets, Deutsche Bank Securities and
HSBC Securities were the joint bookrunning managers for the
sale.
BORROWER: PETRO-CANADA
FIRST TRANCHE:
AMT $600 MLN COUPON 6.05 PCT MATURITY 5/15/2018
TYPE SR UNSEC NTS ISS PRICE 99.829 FIRST PAY 11/15/2008
MOODY'S Baa2 YIELD 6.073 PCT SETTLEMENT 5/15/2008
S&P TRIPLE-B SPREAD 230 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 35 BPS
SECOND TRANCHE:
AMT $900 MLN COUPON 6.80 PCT MATURITY 5/15/2038
TYPE SR UNSEC NTS ISS PRICE 99.784 FIRST PAY 11/15/2008
MOODY'S Baa2 YIELD 6.817 PCT SETTLEMENT 5/15/2008
S&P TRIPLE-B SPREAD 230 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 35 BPS