Oracle planning note sale in five-, 10-year maturities on Thursday

By Andrea Heisinger

New York, Oct. 18 - Oracle Corp. is selling notes in two maturities on Thursday, a source close to the trade said.

The notes (A1/A+/A+) will have maturities of 2017 and 2022.

Bookrunners are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities LLC.

Proceeds will be used for general corporate purposes, which may include stock repurchases, possible future acquisitions and repayment of debt, including 4.95% senior notes due April of 2013 of which there is $1.25 billion outstanding.

Oracle last priced bonds in a $3.25 billion offering in two parts on July 12, 2010. A 3.875% 10-year note was priced at 85 basis points over Treasuries.

The computer software and technology company is based in Redwood City, Calif.

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