OGX is seeking to raise $2 billion in a sale of senior notes, Reuters reports. The Brazilian oil company will sell the seven-year term notes to finance offshore exploration and development plans. The U.S. dollar-denominated debt will be launched by the last week of May 2011. OGX has appointed the investment banking units of JPMorgan Chase, Credit Suisse Group, Itau Unibanco and HSBC Holdings to manage the sale.
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