By Andrea Heisinger
New York, March 10 - Halliburton Co. sold $2 billion of senior notes (A2/A-/A) in two tranches Tuesday, an informed source said.
The $1 billion of 6.15% 10-year notes priced at 99.656 to yield 6.195%, or Treasuries plus 320 basis points. Price talk was in the 320 bps area.
The $1 billion of 7.45% 30-year notes priced at 99.486 to yield 7.493%, or Treasuries plus 375 bps. Price talk was in the 375 bps area.
Bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities and RBS Greenwich Capital.
Proceeds will be used for general corporate purposes.
The oilfield services company is based in Houston.
| Issuer: | Halliburton Co.
|
| Issue: | Senior notes
|
| Total amount: | $2 billion
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities, RBS Greenwich Capital
|
| Trade date: | March 10
|
| Settlement date: | March 13
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 15, 2019
|
| Coupon: | 6.15%
|
| Price: | 99.656
|
| Yield: | 6.195%
|
| Spread: | Treasuries plus 320 bps
|
| Price talk: | 320 bps area
|
|
|
| 30-year notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 15, 2039
|
| Coupon: | 7.45%
|
| Price: | 99.486
|
| Yield: | 7.493%
|
| Spread: | Treasuries plus 375 bps
|
| Price talk: | 375 bps area
|
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