By Andrea Heisinger
New York, June 21 - Shell International Finance BV sold $2.75 billion of senior unsecured notes (Aa1/AA/AA+) in two tranches on Monday, a source away from the deal said.
A $1 billion tranche of two-year floating-rate notes sold at par to yield three-month Libor plus 35 basis points. The notes are non-callable.
A $1.75 billion tranche of 3.1% five-year notes priced at 99.931 to yield 3.115% with a spread of Treasuries plus 110 bps. The tranche has a make-whole call at Treasuries plus 20 bps.
The tranches are guaranteed by Royal Dutch Shell plc.
Bookrunners were Bank of America Merrill Lynch and HSBC Securities.
Proceeds are being used for general corporate purposes.
The energy and petrochemical company is based in The Hague, the Netherlands.
| Issuer: | Shell International Finance BV
|
| Guarantor: | Royal Dutch Shell plc
|
| Issue: | Senior unsecured notes
|
| Amount: | $2.75 billion
|
| Bookrunners: | Bank of America Merrill Lynch, HSBC Securities
|
| Trade date: | June 21
|
| Settlement date: | June 24
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Fitch: AA+
|
|
|
| Two-year floaters
|
| Amount: | $1 billion
|
| Issue: | Floating-rate notes
|
| Maturity: | June 22, 2012
|
| Coupon: | Three-month Libor plus 35 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 35 bps
|
| Call: | Non-callable
|
|
|
| Five-year notes
|
| Amount: | $1.75 billion
|
| Issue: | Notes
|
| Maturity: | June 28, 2015
|
| Coupon: | 3.1%
|
| Price: | 99.931
|
| Yield: | 3.115%
|
| Spread: | Treasuries plus 110 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
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