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Exxon enters into underwriting agreement for floating, fixed-rate notes

Oil major Exxon Mobil Corp. on Aug. 13 entered into an underwriting agreement with Barclays Capital Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as managers of several underwriters for the issuance and sale of floating-rate notes and the fixed-rate notes, according to an Aug. 16 securities filing.

Specifically, the oil major will issue and sell $750 million of its floating rate notes due 2022, as well as several fixed-rate notes, including $750 million of its 1.902% notes due 2022; $1 billion of its 2.019% notes due 2024; $1 billion of its 2.275% notes due 2026; $1.25 billion of its 2.440% notes due 2029; $750 million of its 2.995% notes due 2039 and $1.50 billion of its 3.095% notes due 2049.

The floating and fixed-rate notes will be issued pursuant to an indenture Exxon entered on March 20, 2014, with Deutsche Bank Trust Company Americas as trustee.