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Schlumberger subsidiaries to redeem senior notes

Oilfield service giant Schlumberger Ltd., in an Oct. 22 release, announced that its Schlumberger Holdings Corp. unit will redeem $416 million of its 3.000% senior notes due 2020 and that its subsidiary Cameron International Corp. will redeem $126.2 million of its 4.50% senior notes due 2021 as well as $105.8 million of its 3.60% senior notes due 2022.

Each series of notes will be redeemed on Nov. 21 at a price equal to 100% of the aggregate principal amount being redeemed plus accrued and unpaid interest from the last interest payment date, excluding the redemption date, along with a make-whole premium that will be calculated three business days before the redemption date.