Registration: 144A/Reg S; Comments: USD1.25bn 10yr(5/01/2034) cpn 6.75%. Spread: T+230bps; Registration: 144A/Reg S; Comments: USD750m 30yr(5/01/2054) cpn 7.5%. Spread: T+295bps;

OCP S.A. (OCP), exp Baa3 (Stable) by Moody’s, BB+ (Positive) by S&P and BB+ (Stable) by Fitch, US$ benchmark 144A/Reg S 2-part sr notes (10y due 5/1/34 and 30y due 5/1/54). BNP/Citi/JPM (B&D) joint books. 3mo par call on 10y and 6mos on 30y. Pricing 4/24. Settle 5/1. IPTs: 10y +270 area, 30y +330 area.