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Statoil grosses €1.25 billion from debt offering

Statoil ASA raised gross proceeds of €1.25 billion from an offering of 1.25% callable medium term notes due Feb. 17, 2027.

The company plans to use the proceeds for general corporate purposes or working capital.

Barclays Capital PLC, BNPP UK Holdings Ltd., Deutsche Bank AG's London branch and Societe Generale SA were the lead underwriters.