New Issue-Halliburton sells $1.2 bln debt in 2 parts

Tue Sep 9, 2008 3:53pm EDT
 
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 Sept 9 (Reuters) - Oilfield services company Halliburton Co
(HAL.N) on Tuesday sold $1.2 billion of senior notes in two
parts, said IFR, a Thomson Reuters publication.
 Citigroup Global Markets, HSBC Securities and RBS Greenwich
Capital were the joint bookrunning managers for the sale.
BORROWER: HALLIBURTON COMPANY
FIRST TRANCHE:
AMT $400 MLN      COUPON 5.90 PCT     MATURITY 9/15/2018    
TYPE SR NOTES     ISS PRICE 99.984    FIRST PAY 3/15/2009   
MOODY'S A2        YIELD 5.902 PCT     SETTLEMENT 9/12/2008  
S&P SINGLE-A      SPREAD 230 BPS      PAY FREQ SEMI-ANNUAL  
FITCH A-MINUS       MORE THAN TREAS   MAKE-WHOLE CALL 35 BPS
SECOND TRANCHE:
AMT $800 MLN      COUPON 6.70 PCT     MATURITY 9/15/2038    
TYPE SR NOTES     ISS PRICE 99.999    FIRST PAY 3/15/2009   
MOODY'S A2        YIELD 6.70 PCT      SETTLEMENT 9/12/2008  
S&P SINGLE-A      SPREAD 250 BPS      PAY FREQ SEMI-ANNUAL  
FITCH A-MINUS       MORE THAN TREAS   MAKE-WHOLE CALL 37.5 BPS


 

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