Shell plans three-part offering of fixed-, floating-rate notes

By Devika Patel

Knoxville, Tenn., Nov. 7 – Shell International Finance BV will price an offering of notes in three tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The company is selling two fixed-rate tranches due 2023 and 2028 and a floating-rate tranche due 2023.

The fixed-rate notes feature a make-whole call and then a par call. The floaters are non-callable.

The notes are guaranteed by Royal Dutch Shell plc.

Barclays, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and UBS Investment Bank are the bookrunners.

The Hague, the Netherlands-based oil and gas company plans to use the proceeds for general corporate purposes.

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