New Issue: Halliburton prices $1.2 billion 10-, 30-year senior notes

By Andrea Heisinger

New York, Sept. 9 - Halliburton Co. priced $1.2 billion of senior notes (A2/A/A-) in two tranches Tuesday, an informed source said.

The $400 million of 5.9% 10-year notes priced at 99.984 to yield 5.902%, equivalent at pricing to Treasuries plus 230 basis points. The notes have a make-whole call of Treasuries plus 35 bps.

The $800 million of 6.7% 30-year notes priced at 99.999 to yield 6.7%, or Treasuries plus 250 bps. The notes have a make-whole call of Treasuries plus 37.5 bps.

There was no official price talk for the issue, a source said.

Bookrunners were Citigroup Global Markets Inc., HSBC Securities and RBS Greenwich Capital.

Co-managers were Mitsubishi UFJ Securities International plc, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. Inc., UBS Securities LLC, BBVA Securities, Inc., Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc.

Proceeds will be used to refinance the principal amount of convertible notes. The remainder will be used for general corporate purposes.

The oilfield services company is based in Houston.

Issuer:	Halliburton Co.
Issue:	Senior notes
Total amount:	$1.2 billion
Bookrunners:	Citigroup Global Markets Inc., HSBC Securities, RBS Greenwich Capital
Co-managers:	Mitsubishi UFJ Securities International plc, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. Inc., UBS Securities LLC, BBVA Securities, Inc., Deutsche Bank Securities Inc., Scotia Capital (USA) Inc.
Trade date:	Sept. 9
Settlement date:	Sept. 12
Ratings:	Moody's: A2
	Standard & Poor's: A
	Fitch: A-
10-year notes
Amount:	$400 million
Maturity:	Sept. 15, 2018
Coupon:	5.9%
Price:	99.984
Yield:	5.902%
Spread:	Treasuries plus 230 bps
Call:	Make-whole at Treasuries plus 35 bps
30-year notes
Amount:	$800 million
Maturity:	Sept. 15, 2038
Coupon:	6.7%
Price:	99.999
Yield:	6.7%
Spread:	Treasuries plus 250 bps
Call:	Make-whole at Treasuries plus 37.5 bps

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