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Stavanger, Norway, Dec. 9, 2013 (GLOBE NEWSWIRE) -- 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.
Further information from:
Hilde Merete Nafstad, Senior vice president,
+47 957 83911
Morten Sven Johannessen, VP Investor Relations USA,
Fredrik Norman, media relations,
Tron Vormeland, Vice president, Corporate financing,
+47 90540135 (mobile), +47 51 99 42 97 (office)
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of Statoil ASA nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.