Statoil Announces Execution of Debt Capital Market Transactions
OREANDA-NEWS. Today, December 9, 2013, Statoil ASA (OSE:STL, NYSE:STO), guaranteed by Statoil Petroleum AS, agreed the following debt capital market transaction:
Issue of EUR 150,000,000 Notes with 3.345% interest rate and due December 12, 2033
The net proceeds from the issue of the Notes will be used for general corporate purposes. The transaction will increase the financial flexibility of the company.
The Notes have been fully subscribed. Settlement dates is December 12, 2013.
The transaction is executed under Statoil ASA's USD 12,000,000,000 Euro Medium Term Note (EMTN) Programme. The Notes will be listed on the London Stock Exchange.