Shell PLC 4.125% 2035 bond (US822905AC90)
As of 2026-10-30 · rebuilt daily
https://bondscovery.com/bond/US822905AC90
Shell PLC's 4.125% USD bond maturing 2035-05-11 (US822905AC90) yields 5.37% to worst as of 2026-10-30. That is 49 bp over the US Treasury curve at the same maturity and 2 bp below the fitted United Kingdom AAA–AA Corporate Bond (USD) curve.
Against its curves
Each curve's fitted yield at this bond's maturity (at its call date, where it is priced to call), and the bond's spread to it.
| Curve | Curve yield | Spread |
|---|---|---|
| US Treasury Yields | 4.88% | +49 bp |
| Shell PLC Bond Yields (USD) | 5.39% | -2 bp |
| United Kingdom AAA–AA Corporate Bond Yields (USD) | 5.39% | -2 bp |
| United Kingdom Investment Grade Oil & Gas Corporate Bond Yields (USD) | 5.57% | -20 bp |
| US AAA–AA Oil & Gas Corporate Bond Yields (USD) | 5.51% | -14 bp |
| United Kingdom Investment Grade Corporate Bond Yields (USD) | 5.93% | -55 bp |
| US Investment Grade Oil & Gas Corporate Bond Yields (USD) | 5.86% | -49 bp |
| US AAA–AA Corporate Bond Yields (USD) | 5.64% | -26 bp |
The bond
| ISIN | US822905AC90 |
|---|---|
| Issuer | Shell PLC |
| Issuer type | Corporate |
| Country | United Kingdom |
| Sector | Oil & Gas |
| Currency | USD |
| Coupon | 4.125% |
| Coupon frequency | Semiannual |
| Maturity | 2035-05-11 |
| Rating band | AAA–AA (Investment Grade) |
| Yield to worst | 5.37% |