SOURCE: Seadrill Limited

October 29, 2009 04:04 ET

SDRL - Seadrill successfully completes issuance of NOK800 million bond

HAMILTON, BERMUDA--(Marketwire - October 29, 2009) -

Seadrill Limited has successfully completed the issuance of a NOK800 million two-year senior unsecured bond. The bond yields quarterly interest of NIBOR plus a margin of 2.75 percent. Settlement date is scheduled on November 10, 2009. The proceeds will be used for general corporate purposes. DnB NOR Markets, Nordea Markets and Pareto Securities AS acted as joint managers on the transaction.. Seadrill Limited Hamilton, Bermuda October 29, 2009

Analyst contact
Jim Dåtland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

Media contact
Trond Brandsrud
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19

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