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Companies Selling $4.6 Bln in Debt

Blackstone, Shell lead issuance amid record-low yields.

By Charles Mead and Matt Robinson, Bloomberg | Updated on August 14, 2012

Corporate issuers from Blackstone Group LP to Royal Dutch Shell Plc are leading offerings of at least $4.6 billion by selling their first bonds in two years with yields at about record lows.

Shell, Europe’s largest oil producer, is planning a three-part offering that includes 30-year debt through its international finance unit, and New York-based Blackstone is borrowing for the first time since September 2010 and issuing its first 30-year obligations. Dollar-denominated offerings have averaged $6.7 billion a day this month through last week, 8 percent higher than in July, according to data compiled by Bloomberg.

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