Jan 6 (Reuters) - Oklahoma City-based Devon Energy
Corporation (DVN.N: Quote, Profile, Research) on Tuesday sold $1.2 billion in two parts,
according to IFR, a Thomson Reuters publication.

Bank of America, J. P. Morgan, and UBS were the joint
bookrunning managers for the sale.
BORROWER: DEVON ENERGY CORPORATION
FIRST TRANCHE:
AMT $500 MLN COUPON 5.625 PCT MATURITY 1/15/2014
TYPE NOTES ISS PRICE 99.774 FIRST PAY 7/15/2009
MOODY'S Baa1 YIELD 5.667 PCT SETTLEMENT 12/9/2009
S&P BBB-PLUS SPREAD 400 BPS/ PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
SECOND TRANCHE:
AMT $700 MLN COUPON 6.30 PCT MATURITY 1/15/2019
TYPE NOTES ISS PRICE 99.698 FIRST PAY 7/15/2009
MOODY'S Baa1 YIELD 6.341 PCT SETTLEMENT 12/9/2009
S&P BBB-PLUS SPREAD 385 BPS/ PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS