Anadarko planning two-part $1.25B bond sale

Anadarko Petroleum (APC) plans to sell $1.25B of debt, to include $625M each of 10- and 30-year notes, Bloomberg reports.

APC last issued bonds in Aug. 2010, when it sold $2B of 6.4% notes due 2017 that yielded ~415 bps more than government bonds; the 10-year notes that may be issued as soon as today may yield 90 bps more than similar-maturity Treasurys, while the 30-year debentures may yield 115 bps more than benchmarks.

Proceeds from the offering may be used for general corporate purposes, including debt repayment, working capital, capex and acquisitions.

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Comments (1)
  • habear
    , contributor
    Comments (88) | Send Message
    haven't seen them show up yet... plan to purchase when available
    7 Jul 2014, 05:47 PM Reply Like
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