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Occidental Petro Raises $2.15B
Occidental Petroleum has raised $2.15 billion through a sale of bonds in two parts.
Occidental Petroleumhas raised $2.15 billion through a sale of bonds in two parts,Reutersreports. The first tranche of $1.25 billion notes, which carry a coupon rate of 1.75%, will mature on Feb. 15, 2017.
The second tranche of $900 million notes, carrying a coupon rate of 3.125%, will be due on Feb. 15, 2022. The joint bookrunners for the offering wereBarclays,CitiandJPMorgan.
Click here for the story fromReuters.