Marathon Oil issues call for $600 million 2.7% notes due 2020

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – Marathon Oil Corp. issued a redemption notice for its $600 million principal amount of outstanding 2.7% senior notes due 2020.

The notes will be redeemed on Oct. 3 at the greater of par and the sum of the present values of the remaining scheduled payments of principal and interest discounted to the date of redemption on a semiannual basis at the then current Treasury rate plus 20 basis points, plus, in either case, accrued interest to the redemption date., according to a company announcement.

The international energy company for oil sands mining and gas exploration and production is based in Houston.

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