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Oracle launches $5 billion 3-part debt sale - lead

Wed Apr 2, 2008 10:49pm IST
 
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NEW YORK, April 2 (Reuters) - Oracle Corp (ORCL.O: Quote, Profile, Research), the world's third-largest software maker, on Wednesday launched a $5 billion three-part debt sale, said joint lead manager Credit Suisse.

The sale, which is expected later on Wednesday, includes $1.25 billion of five-year notes launched at 2.22 percentage points more than U.S. Treasuries.

Also included are $2.5 billion 10-year notes launched at 2.15 percentage points over Treasuries and $1.25 billion of 30-year bonds launched at 2.12 points more than Treasuries.

Citigroup and Morgan Stanley are also joint lead managers. (Reporting by Pam Niimi; Editing by James Dalgleish)

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