Occidental Petroleum $1.5 billion 3.5% and 4.625% notes issues

23/6/2015

Investment grade bond/note issue

Value:

$ 1.5 billion

Status:

Completed

Date:

23/6/2015

Overview:

Occidental Petroleum has made a $1.5 billion debt offering.
The offering consisted of $750 million 3.5% notes due 2025 and $750 million 4.625% notes due 2045.
Citigroup Global Markets and JP Morgan Securities acted as initial purchasers.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Oil and gas

Firms:

Kirkland & Ellis

Party: Citigroup Global Markets (Initial purchaser)

Party: JP Morgan Securities (Initial purchaser)

Lawyers: Joshua Korff, Michael Kim

Vinson & Elkins

Party: Occidental Petroleum Corporation (Issuer)

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