(Adds launch sizes) By Natalie Harrison NEW YORK, May 6 (IFR) - Oil major Shell, rated Aa1 byMoody's and AA by S&P, has launched a US$10bn bond five-partbond, its first dollar denominated bond deal since 2013. The bonds, guaranteed by Royal Dutch Shell, will price laterin the day via bookrunners Barclays, HSBC and Morgan Stanley,and follows recent quarterly results. Proceeds will be used for general corporate purposes. Tranche details follow: TRANCHE IPTS GUIDANCE LAUNCH SIZE (US$) 5-yr fixed T+75bp area T+60bp (#) T+60bp 2bn 5-yr FRN Libor equiv Libor equiv L+45bp 750m 10-yr fixed T+110-115bp T+105bp (#) T+105bp 2.75bn 20-yr fixed T+125-130bp T+120bp(#) T+120bp 1.5bn 30-yr fixed T+145-150bp T+140bp(#) T+140bp 3bn (Reporting by IFR; Editing by Natalie Harrison and ShankarRamakrishnan)
Shell announces $4bn share buyback as Q3 profits beat expectations
(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.
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