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Apple Wasn't the Only Borrower Last Week

Recs

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May 06, 2013 – Comments (0)

Apple made news last week with the largest corporate bond offering in history, but it wasn't the only big borrower.

Want international?  Chinese oil and gas company CNOOC borrowed US dollars through its British Virgin Islands finance subsidiary to fund the acquisition of a Canadian company.

IBM didn't really say what it was borrowing for, but has several billion dollars of paper maturing soon.

Constellation Brands tapped the high-yield market.  Although, the yields weren't very high.

As always, questions and comments welcome.

Fool on!  Russ

 

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