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Published on 3/3/2016 in the Prospect News Investment Grade Daily.

ConocoPhillips preps benchmark senior note sale for Thursday pricing

By Aleesia Forni

New York, March 3 – ConocoPhillips Co. plans to price a benchmark offering of senior notes (Baa2/A/A-) in four tranches on Thursday, according to a market source and a 424B3 filed with the Securities and Exchange Commission.

The sale will include fixed- and floating-rate tranches due 2021 and fixed-rate tranches due 2025 and 2045.

The securities are guaranteed by ConocoPhillips.

Mizuho Securities, Barclays, HSBC Securities, J.P. Morgan Securities LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Agricole and Deutsche Bank Securities Inc. are the bookrunners.

Proceeds will be used for general corporate purposes.

ConocoPhillips is a Houston-based energy company.


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