StatoilHydro ASA (STO) announced the sale of US$900 million 2.90% notes due 15 October 2014.
The company said that 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 deal has been fully placed. The settlement date is 15 October 2009.
StatoilHydro ASA stated that its notes are expected to receive Aa2 and AA- credit ratings from Moody's and Standard & Poor's, respectively.
STO closed the Wednesday's trading session at $22.62.
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