Statoil issues €3.75bn bond after profits are hit by oil price drop
Statoil, the Norwegian oil and gas company, issued €3.75bn of bonds today, after falling oil prices contributed to a 36% drop in the company’s third quarter earnings. It is the biggest euro investment grade bond issue this year - though both Altice and GTech have issued bigger high yield financings, with parts of the deals placed in dollars.
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