McDonald's attains record-low rate for 30-year bond, part of its two-part US$750M bond sale to U.S. credit markets, sources say
February 2, 2012
– According to a person familiar with the issue, McDonald’s Corp. attained a record-low rate for a 30-year bond, part of its two-part US$750 million bond sale to the U.S. credit markets, the Wall Street Journal reported Feb. 2.
Sources say that the deal consists of a $250 million reopening of 2.625% notes in 2022, along with $500 million of new 30-year bonds.
The 2022 notes were priced to yield 2.338%. The 3.70% coupon, 30-year bonds were sold at 3.78%. According to data provider Dealogic, the 3.70% mark beat the record by 0.40 percentage point.
The primary source of this article is the Wall Street Journal, New York, New York, on Feb. 2, 2012.