Royal Dutch Shell Group .com Rotating Header Image

Sales of US corporate bonds likely to break 2012 record

Shell, based in The Hague, raised $4bn through its finance unit with a four-part offering on November 12…

Screen Shot 2013-12-02 at 14.58.02

by Matt Robinson and Sarika Gangar, December 02 2013, 09:31

NEW YORK — Corporate bond sales in the US are poised to eclipse last year’s record as issuers rush to raise cash before the Federal Reserve curtails stimulus that has held borrowing costs close to all-time lows.

Royal Dutch Shell, Europe’s biggest oil company, and Houston-based Cheniere Energy Partners are leading $120.2bn of issuance last, leaving offerings during this year about $32bn shy of last year’s $1.48-trillion, according to data compiled by Bloomberg.

Shell, based in The Hague, raised $4bn through its finance unit with a four-part offering on November 12, Bloomberg data showed — the largest portion, a $1.25bn slice of 2%, five-year notes, priced to yield 55 basis points more than similar-maturity Treasuries.

FULL ARTICLE

RELATED: Slaughter and May Reservations over Royal Dutch Shell SEC filing

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.

Comments are closed.