Chevron To Sell $6 Billion In Corporate Bonds -- Its Largest Deal Since At Least 1995 -- Among The Top Ten Deals This Year
Rigzone is reporting:
Taking advantage of a calmer market ahead of a key Federal Reserve
meeting, Chevron Corp. is selling $6 billion in corporate bonds on
Monday, its largest deal since at least 1995.
Chevron's four-part deal is coming in three-, five-, seven- and
10-year maturities. Underwriters lowered yields on the sale throughout
the day, suggesting good demand from investors. The three-year debt was
offered to yield 0.40 percentage point more than comparable Treasurys.
The 10-year debt was offered to yield 1.00 percentage point more than
comparable Treasurys.
Chevron last came to market in November, when it sold $4 billion,
according to Dealogic, whose data go back to 1995. Chevron's deal Monday
is among the biggest 10 for the year. It is tied with Bank of America
Corp., Goldman Sachs Group Inc. and Vodafone Group PLC, which all had $6
billion deals earlier in the year. The biggest deal of the year is
Apple Inc.'s $17 billion sale, which is also the largest U.S. corporate
bond on record.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.