Shell Returns to Swiss Bond Market With Increased Debt Offering
AUG 17, 2015 – 17:00
(Bloomberg) — Royal Dutch Shell Plc sold bonds in the Swiss currency for the first time since 2006, increasing the offer to more than 1.3 billion francs ($1.3 billion) on strong demand.
The oil giant issued 800 million francs of notes due in August 2023 and 525 million francs of August 2028 bonds, according to data compiled by Bloomberg. The debt was sold to yield 29 basis points and 40 basis points more than benchmark rates, respectively, the data show. The company originally planned to sell 900 million francs of debt, according to a person familiar with the deal who asked not to be identified because they aren’t authorized to speak publicly.
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