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New Issue-ConocoPhillips sells $1.5 bln 3-part senior note

Thu May 8, 2008 11:39pm IST
 
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  May 8 (Reuters) - ConocoPhillips (COP.N: Quote, Profile, Research), sold $1.5
billion senior notes in a three-part sale on Monday, said
market sources.
BORROWER: CONOCOPHILLIPS
FIRST TRANCHE:
AMT $400 MLN    COUPON 4.40 PCT   MATURITY 5/15/2013  
TYPE SR NTS     ISS PRICE 99.825  FIRST PAY 11/15/2008
MOODY'S A1      YIELD 4.439 PCT   SETTLEMENT 5/8/2008 
S&P SINGLE-A    SPREAD 130 BPS    PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS  MAKE-WHOLE CALL 20 BPS
SECOND TRANCHE:
AMT $500 MLN    COUPON 5.20 PCT   MATURITY 5/15/2018  
TYPE SR NTS     ISS PRICE 99.991  FIRST PAY 11/15/2008
MOODY'S A1      YIELD 5.201 PCT   SETTLEMENT 5/8/2008 
S&P SINGLE-A    SPREAD 135 BPS    PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS  MAKE-WHOLE CALL 20 BPS
THIRD TRANCHE:
AMT $600 MLN    COUPON 5.90 PCT   MATURITY 5/15/2038  
TYPE SR NTS     ISS PRICE 99.622  FIRST PAY 11/15/2008
MOODY'S A1      YIELD 5.927 PCT   SETTLEMENT 5/8/2008 
S&P SINGLE-A    SPREAD 135 BPS    PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS  MAKE-WHOLE CALL 20 BPS


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