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Equinor issues $1B notes to pay down debt

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Equinor issues $1B notes to pay down debt

Norwegian energy company Equinor on Sept. 5 issued $1 billion 3.625% notes, guaranteed by unit Equinor Energy AS, due Sept. 10, 2028.

The net proceeds from the issue of the notes will be used for general corporate purposes, which may include repayment or purchase of existing debt. The transactions will increase the financial flexibility of the company.

The notes have been fully subscribed and the settlement date is Sept. 10.