Valero Energy launches $1.25 bln notes in 2 parts
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Apollonia [2011-05-20]
NEW YORK, Feb 3 - Valero Energy Corp (VLO.N) on Wednesday launched $1.25 billion of notes in a two-part sale, said IFR, a Thomson Reuters service.
The offering includes $400 million of five-year notes expected to yield 215 basis point over comparable U.S. Treasuries and $850 million of 10-year notes expected to yield 250 basis points more than U.S. Treasuries.
The joint lead managers on the sale are Barclays, Citigroup and JP Morgan.