John,
No idea what you make of this, but could it be that Shell runs out of some ‘small ready cash’ to invest, pay dividends and run operations??? It is now cheap to get money but one would expect that they would be able to finance everything themselves out of their cashflow?
November 29, 2012
By Patrick McGee
Royal Dutch Shell PLC is selling $1.75 billion in a two-part deal Thursday.
The three- and 10-year bonds are being offered at 0.30 and 0.75 percentage point over comparable Treasurys, respectively. At current rates, they would yield 0.64% and 2.37%.
A term sheet doesn’t indicate how Shell, one of the world’s largest oil-and-gas companies by market capitalization, will use the proceeds. But Shell says in the bond prospectus that it is expanding its gas-based business through investment in liquefied-natural-gas and gas-to-liquids projects. In 2011, for instance, it made investments with a partner in Qatar.
The bonds are being sold by a financing arm, Shell International Finance BV, and are “unconditionally guaranteed” by the parent company. Shell last tapped the market in August, when it sold $2.5 billion worth.
The bonds are expected to be rated Aa1 by Moody’s Investors Service and AA by Standard & Poor’s Ratings Services.
Barclays and Goldman Sachs Group are lead underwriters.
Write to Patrick McGee at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
