Oxy begins bond sale to fund Anadarko deal

Occidental Petroleum is selling bonds to help finance its $38 billion acquisition of Anadarko, as debt issuers show faith in Tuesday’s market rebound.

Occidental is selling bonds in as many as 10 parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, may yield 2.7 percentage points above Treasuries, said the person, who asked not to be identified as the details are private.

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