Weatherford Int'l launches $1.5 bln debt in 3 parts

NEW YORK, March 19 (Reuters) - Weatherford International Inc (WFT.N: Quote, Profile, Research) on Wednesday launched $1.5 billion debt in a three-part sale, with pricing expected later on Wednesday, said a market source familiar with the offering.

The sale includes $500 million in five-year notes expected to yield 2.83 percentage points over U.S. Treasuries.

It also includes $500 million in 10-year notes expected to yield 2.70 percentage points over Treasuries and $500 million in 30-year bonds expected to yield 2.83 percentage points over Treasuries.

The joint lead managers on the sale are Deutsche Bank Securities, Goldman Sachs and Merrill Lynch. (Reporting by Caryn Trokie; Editing by Tom Hals)