By Aleesia Forni
Virginia Beach, Va., Aug. 7 - Shell International Finance BV priced on Wednesday $3.75 billion of notes (Aa1/AA) in five-, 10- and 30-year tranches, according to a syndicate source and an FWP filing with the Securities and Exchange Commission.
The company priced $1.5 billion 1.9% notes due 2018 at a spread of Treasuries plus 55 basis points, or 99.934 to yield 1.914%.
There was also a $1 billion tranche of 3.4% 10-year notes sold with a spread of 83 bps over Treasuries.
Shell priced the notes at 99.79 to yield 3.425%.
Finally, a $1.25 billion tranche of 4.55% notes due 2043 priced at 92 bps over Treasuries.
The notes priced at 99.32 to yield 4.592%.
The notes will be guaranteed by Royal Dutch Shell plc.
Barclays, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC were the bookrunners.
The company plans to use proceeds for general corporate purposes.
Shell was last in the market with $1.75 billion of guaranteed notes in two tranches on Nov. 29, 2012.
The oil and gas company is based in the Hague, the Netherlands.
| Issuer: | Shell International Finance BV
|
| Guarantor: | Royal Dutch Shell plc
|
| Issue: | Notes
|
| Amount: | $3.75 billion
|
| Bookrunners: | Barclays, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC
|
| Trade date: | Aug. 7
|
| Settlement date: | Aug. 12
|
| Ratings: Moody's: Aa1
|
| Standard & Poor's: AA
|
|
|
| Five-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | Aug. 10, 2018
|
| Coupon: | 1.9%
|
| Price: | 99.934
|
| Yield: | 1.914%
|
| Spread: | Treasuries plus 55 bps
|
| Call: | Make-whole call at Treasuries plus 10 bps
|
| Price talk: | Treasuries plus 55 bps area
|
|
|
|
|
| Ten-year notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 12, 2023
|
| Coupon: | 3.4%
|
| Price: | 99.79
|
| Yield: | 3.425%
|
| Call: | Make-whole call at Treasuries plus 12 bps
|
| Spread: | Treasuries plus 83 bps
|
|
|
| Thirty-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Aug. 12, 2043
|
| Coupon: | 4.55%
|
| Price: | 99.32
|
| Yield: | 4.592%
|
| Call: | Make-whole call at Treasuries plus 15 bps
|
| Spread: | Treasuries plus 92 bps
|
|
|
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