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Motiva Enterprises launches $2 bln of debt


NEW YORK, Jan 6 (Reuters) – Motiva Enterprises LLC [MOTIV.UL] on Wednesday sold $2.0 billion of debt in two parts, said IFR, a Thomson Reuters service.

The offering included $1.0 billion of 10-year notes priced to yield 200 basis points over comparable U.S. Treasuries and $1.0 billion of 30-year bonds yielding 225 basis points over U.S. Treasuries.

The joint lead managers on the sale were Credit Suisse and JP Morgan.

Motiva is a joint-venture between Saudi Refining and Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc (RDSa.L).

(Reporting by Caryn Trokie, Additional reporting by John Parry, Editing by Chizu Nomiyama)

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