Shell to price benchmark offering in six fixed-, floating-rate tranches

By Aleesia Forni

Virginia Beach, May 6 – Shell International Finance BV is set to price a benchmark offering of senior notes in six tranches, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The notes will be sold in fixed- and floating-rate tranches due 2020, along with fixed-rate tranches due 2022, 2025, 2035 and 2045.

Barclays, HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC are the joint bookrunners.

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

The notes will be guaranteed by Royal Dutch Shell plc.

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