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TNK-BP floats notes

TNK-BP Finance on Wednesday launched its $1 billion two-part note sale in the rule 144a private placement market, said IFR, a Thomson Reuters service.

The sale includes $500 million of five-year notes launched at 6.45%, and $500 million of 10-year notes launched at 7.50%.

Barclays, Calyon and RBS are the joint lead managers of the sale.

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