(Bloomberg) — Occidental Petroleum Corp. has garnered around $3 billion of orders for its inaugural high-yield bond sale, according to people with knowledge of the matter.Pricing discussions on the company’s planned three-part unsecured offering include a five-year bond with a yield of 7.75% to 8%. A seven-year note may yield between 8.25% and 8.5%, while a 10-year security may yield 8.75% to 8.875%, according to other people, who asked not to be named because the discussions are private.Citigroup Inc. is leading the deal, and the debt may be sold as soon as Friday. Representatives for Citigroup and Occidental declined to …read more
Source:: Yahoo Finance
