Sept 9 (Reuters) - Nabors Industries on Thursday
sold $700 million of senior unsecured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $500 million.
Citi and UBS were the active joint bookrunning managers for the sale.
BORROWER: NABORS INDUSTRIES
AMT $700 MLN COUPON 5.00 PCT MATURITY 9/15/2020 TYPE SR NTS ISS PRICE 99.564 FIRST PAY 3/15/2011 MOODY'S Baa2 YIELD 5.056 PCT SETTLEMENT 9/14/2010 S&P TRIPLE-B SPREAD 235 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE-WHOLE CALL 37.5 BPS
Keywords: NABORSINDUSTRIES DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com; Editing by Andrew Hay) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The size of the deal was increased from an originally planned $500 million.
Citi and UBS were the active joint bookrunning managers for the sale.
BORROWER: NABORS INDUSTRIES
AMT $700 MLN COUPON 5.00 PCT MATURITY 9/15/2020 TYPE SR NTS ISS PRICE 99.564 FIRST PAY 3/15/2011 MOODY'S Baa2 YIELD 5.056 PCT SETTLEMENT 9/14/2010 S&P TRIPLE-B SPREAD 235 BPS PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS MORE THAN TREAS MAKE-WHOLE CALL 37.5 BPS
Keywords: NABORSINDUSTRIES DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com; Editing by Andrew Hay) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.