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16

Execution of debt capital market transactions

On Monday November 3, 2014 Statoil ASA, guaranteed by Statoil Petroleum AS, executed the following debt capital market transactions...

Execution of debt capital market transactions Execution of debt capital market transactions

On Monday November 3, 2014 Statoil ASA, guaranteed by Statoil Petroleum AS, executed the following debt capital market transactions:

  • Issue of USD 750,000,000 1.250% Notes due November 9, 2017

  • Issue of USD 500,000,000 Floating Rate Notes due November 9, 2017

  • Issue of USD 750,000,000 2.250% Notes due November 8, 2019

  • Issue of USD 500,000,000 2.750% Notes due November 10, 2021

  • Issue of USD 500,000,000 3.250% Notes due November 10, 2024

The net proceeds from the issue of the Notes will be used for general corporate purposes which may include repayment or purchase of existing debt or other purposes described in the prospectus supplement for these issues of Notes. The transactions will increase the financial flexibility of the company.

 

The Notes have been fully subscribed. The settlement date is November 10, 2014.

 

Any public offering in the United States is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by Statoil ASA and Statoil Petroleum AS and previously declared effective.

Source : Neftegaz.RU