By Aleesia Forni
Virginia Beach, Va., Nov. 12 - Shell International Finance BV came to Tuesday's market to price $4 billion of senior notes (A1/AA/) in four parts, according to a market source.
The deal included $750 million of floating-rate notes due 2015 priced at par to yield Libor plus 7 basis points.
A second tranche was $1 billion of three-year floaters priced at par to yield Libor plus 21 bps.
The company also priced $1 billion of 0.9% three-year senior notes with a spread of Treasuries plus 32 bps, or 99.876 to yield 0.942%.
The notes sold at the tight end of talk.
Finally, $1.25 billion of 2% five-year notes was priced at Treasuries plus 55 bps. The notes priced at 99.972 to yield 2.006%.
Shell sold the notes in line with talk.
Goldman Sachs & Co. and J.P. Morgan Securities LLC are the joint bookrunners.
The company plans to use the proceeds for general corporate purposes.
The Hague, the Netherlands-based oil and gas company was last in the market with $3.75 billion of guaranteed notes in three tranches on Aug. 7.
The notes are guaranteed by Royal Dutch Shell plc.
| Issuer: | Shell International Finance BV
|
| Guarantor: | Royal Dutch Shell plc
|
| Issue: | Senior notes
|
| Amount: | $4 billion
|
| Joint bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities LLC
|
| Trade date: | Nov. 12
|
| Settlement date: | Nov. 15
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA
|
|
|
| Floaters due 2015
|
| Amount: | $750 million
|
| Maturity: | Nov. 15, 2015
|
| Coupon: | Libor plus 7 bps
|
| Price: | Par
|
| Yield: | Libor plus 7 bps
|
|
|
| Floaters due 2016
|
| Amount: | $1 billion
|
| Maturity: | Nov. 15, 2016
|
| Coupon: | Libor plus 21 bps
|
| Price: | Par
|
| Yield: | Libor plus 21 bps
|
|
|
| Fixed-rate notes due 2016
|
| Amount: | $1 billion
|
| Maturity: | Nov. 15, 2016
|
| Coupon: | 0.9%
|
| Price: | 99.876
|
| Yield: | 0.942%
|
| Spread: | Treasuries plus 32 bps
|
| Price talk: | Treasuries plus 35 bps area
|
|
|
| Fixed-rate notes due 2018
|
| Amount: | $1.25 billion
|
| Maturity: | Nov. 15, 2018
|
| Coupon: | 2%
|
| Price: | 99.972
|
| Yield: | 2.006%
|
| Spread: | Treasuries plus 55 bps
|
| Price talk: | Treasuries plus 55 bps area
|
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