(Adds launch details) By Mike Gambale NEW YORK, Sept 7 (IFR) - Below is the pricing progression ona new bond offering from Shell International Finance (Aa2/A),expected to price later on Wednesday: SIZE (US$) MATURITY IPTs (T+) GUIDANCE (T+) LAUNCH (T+) 1bn 3 yr FXD 70bp area 55bp (+/-2bp) 53bp 500m 3 yr FRN Libor equiv Libor equiv L+35bp 1bn 5 yr FXD 85bp area 75bp (+/-5bp) 70bp 1bn 10 yr FXD 125bp area 110bp (+/-2bp) 108bp 1.25bn 30 yr FXD 175bp area 160bp (+/-5bp) 155bp Bookrunners: Citigroup, Goldman Sachs, and JP Morgan. (Reporting by Mike Gambale, Hillary Flynn; Writing by NatalieHarrison; Editing by Paul Kilby)
27 Oct 2022 07:30
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.