Royal Dutch Shell Plc, Europe's largest oil producer, plans to issue benchmark debt as it leads corporate bond sales of at least $5.4 billion today in the U.S.
Shell may sell three- and 10-year bonds as soon as today, according to a person familiar with the transaction. The offering will be of benchmark size, typically at least $500 million, and the bonds may be rated Aa1 by Moody's Investors Service.
The company last offered debt in August, issuing $2.5 billion in three parts, including $1 billion of 2.375 percent, 10-year debentures to yield 70 basis points more than similar- maturity Treasuries, according to data compiled by Bloomberg. The bonds traded at 101.1 cents on the dollar to yield 2.25 percent yesterday, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
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Barclays Plc and Goldman Sachs Group Inc. are managing the offering for the Hague-based company, said the person, who asked not to be identified because terms aren't set.
Comcast Corp., the largest U.S. cable company and the majority owner of NBC, is offering $250 million of 49-year securities that may be rated Baa1 by Moody's, according to a person familiar with the transaction who asked not to be identified because terms are private.
McKesson Corp., the largest U.S. drug distributor, is planning to issue $900 million of debt in its first bond sale this year, according to a person familiar with the offering. The company may sell three- and 10-year debentures as soon as today.
Newell Rubbermaid Inc., the Atlanta-based housewares maker, is offering $300 million of five-year notes that may be rated Baa3, the lowest level of investment grade, by Moody's, according to a person familiar with the deal.
Royal Bank of Canada, the nation's largest lender, is planning to sell benchmark, three-year covered notes, according to a person familiar with the transaction.
Carnival Corp., the world's largest cruise-line operator, plans to refinance debt maturing next year with a $500 million sale of five-year bonds in its first offering in six years, according to a person familiar with the transaction who asked not to be identified because the terms are private.
Bloomberg News
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