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Motiva Enterprises launches $2 bln of debt

REUTERS

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)

REUTERS ARTICLE

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