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: Quote, Profile, Research, Stock Buzz) 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
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