By Andrea Heisinger
New York, March 18 - Shell International Finance BV priced $2.5 billion 4% five-year notes Wednesday to yield Treasuries plus 210 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa1/AA+/) priced at 99.973 to yield 4.006% with a make-whole call of Treasuries plus 30 bps.
Bookrunners were Barclays Capital Inc. and Morgan Stanley & Co. Inc.
The notes are guaranteed by Royal Dutch Shell plc.
The oil and natural gas company is based in The Hague, The Netherlands.
| Issuer: | Shell International Finance BV
|
| Guarantor: | Royal Dutch Shell plc
|
| Issue: | Notes
|
| Amount: | $2.5 billion
|
| Maturity: | March 21, 2014
|
| Bookrunners: | Barclays Capital Inc., Morgan Stanley & Co. Inc.
|
| Coupon: | 4%
|
| Price: | 99.973
|
| Yield: | 4.006%
|
| Spread: | Treasuries plus 210 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Trade date: | March 18
|
| Settlement date: | March 23
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
