August 10, 2010 / 3:16 PM / in 7 years

Price guidance emerges on Statoil debt sale-IFR

NEW YORK, Aug 10 (Reuters) - Price guidance emerged on Norway’s Statoil’s (STL.OL) $1.25 billion, 2-part debt sale on Tuesday, according to IFR, a Thomson Reuters service.

    A planned $750 million of 7-year notes is expected to price at around 100 basis points over comparable U.S. Treasuries and $500 million of 30-year bonds are expected to price at around 120 basis points over Treasuries, IFR said.

    Barclays, Deutsche Bank and JPMorgan are lead managers on the deal.

    Reporting by Karen Brettell; Editing by Chizu Nomiyama

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