/REUTERS, London, November 16, 04 - ChevronTexaco-led Kazakh oil venture Tengizchevroil sold $1.1 billion worth of 10-year Eurobonds at 225 basis points over U.S. Treasuries, a market source familiar with the details said on Tuesday.

The bond was priced at par with a coupon of 6.124 percent and maturity date of Nov. 15, 2014. The settlement date is Nov. 19, 2004. There is also a make whole call at Treasuries plus 50 basis points.

The original price guidance showed a range of 225-250 basis points over the Treasuries. Joint lead and bookrunners for the deal are ABN AMRO and Lehman Brothers.

The average life of the bond is expected to be 6.75 years. It is rated 'Baa3' by Moody's Investors Service and 'BBB-' by Fitch Ratings.

The issuer is Tengizchevroil Finance Co. with Tengizchevroil LLP as the guarantor.

[2004-11-16]