Royal Dutch Shell Plc, Europe's largest oil producer, raised $1.75 billion as it led corporate bond sales of at least $11.4 billion in the U.S.
Shell issued $750 million of 0.625 percent, three-year securities today to yield 30 basis points more than similar-maturity Treasuries and $1 billion of 2.25 percent, 10-year bonds at a relative yield of 75 basis points, according to data compiled by Bloomberg.
The company previously offered debt in August, issuing $2.5 billion in three parts, including $1 billion of 2.375 percent, 10-year debentures at a spread of 70 basis points, Bloomberg data show. The bonds traded at 101.1 cents on the dollar to yield 61 basis points more than Treasuries yesterday, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
