By Shelley Smith
March 16 (Bloomberg) -- Schlumberger Ltd.’s planned sale of five-year bonds in euros will be priced to yield about 180 to 190 basis points more than the benchmark mid-swap rate, according to a banker involved in the transaction.
The company hired bookrunners HSBC Holdings Plc and Societe Generale SA, as well as joint lead managers Citigroup Inc., Nordea Bank AB and Royal Bank of Scotland Group Plc for the planned benchmark issue, said the banker, who declined to be identified because the deal isn’t complete.
The bonds will be issued by Schlumberger Finance BV and guaranteed by Schlumberger Ltd., the banker said.
To contact the reporter on this story: Shelley Smith in London at ssmith118@bloomberg.net
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