By Cristal Cody
Tupelo, Miss., Nov. 4 – Shell International Finance BV sold $4 billion of guaranteed senior notes (Aa2/AA-) in three tranches on the tight side of guidance on Monday, according to a market source.
A $1.25 billion tranche of 2% five-year notes priced at a spread of Treasuries plus 47 basis points.
Shell sold $1.5 billion of 2.375% 10-year notes at a 68 bps over Treasuries spread.
In the final tranche, $1.25 billion of 3.125% 30-year notes priced at a spread of 95 bps over Treasuries.
BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the bookrunners.
The notes are guaranteed by Royal Dutch Shell plc.
The Hague, the Netherlands-based oil and gas company plans to use the proceeds for general corporate purposes.
| Issuer: | Shell International Finance BV
|
| Guarantor: | Royal Dutch Shell plc
|
| Amount: | $4 billion
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Trade date: | Nov. 4
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA-
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Nov. 7, 2024
|
| Coupon: | 2%
|
| Spread: | Treasuries plus 47 bps
|
| Price guidance: | Treasuries plus 50 bps area, plus or minus 3 bps; initial talk at Treasuries plus 65 bps area
|
|
|
| 10-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | Nov. 7, 2029
|
| Coupon: | 2.375%
|
| Spread: | Treasuries plus 68 bps
|
| Price guidance: | Treasuries plus 70 bps area, plus or minus 2 bps; initial talk at Treasuries plus 87.5 bps area
|
|
|
| 30-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Nov. 7, 2049
|
| Coupon: | 3.125%
|
| Spread: | Treasuries plus 95 bps
|
| Price guidance: | Treasuries plus 97 bps area, plus or minus 2 bps; initial talk at Treasuries plus 112.5 bps area
|
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