New Issue-Petro-Canada sells $1.5 bln 2-pt sr unsec nts

  May 12 (Reuters) - Canadian integrated oil and gas company
Petro-Canada (PCA.TO: Quote, Profile, Research, Stock Buzz) on Monday sold $1.5 billion of two-part
senior unsecured notes, said market sources.

  Citigroup Global Markets, Deutsche Bank Securities and
HSBC Securities were the joint bookrunning managers for the
sale.
BORROWER: PETRO-CANADA
FIRST TRANCHE:
AMT $600 MLN        COUPON 6.05 PCT    MATURITY 5/15/2018  
TYPE SR UNSEC NTS   ISS PRICE 99.829   FIRST PAY 11/15/2008
MOODY'S Baa2        YIELD 6.073 PCT    SETTLEMENT 5/15/2008
S&P TRIPLE-B        SPREAD 230 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A            MORE THAN TREAS   MAKE-WHOLE CALL 35 BPS
SECOND TRANCHE:
AMT $900 MLN        COUPON 6.80 PCT    MATURITY 5/15/2038  
TYPE SR UNSEC NTS   ISS PRICE 99.784   FIRST PAY 11/15/2008
MOODY'S Baa2        YIELD 6.817 PCT    SETTLEMENT 5/15/2008
S&P TRIPLE-B        SPREAD 230 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A            MORE THAN TREAS   MAKE-WHOLE CALL 35 BPS