Mickey and Minnie Score Cheap Credit
There wasn't a lot of excitement in last week's bond market. Among the highlights was Disney (DIS) issuing a floating rate note pegged under LIBOR. As you may know, LIBOR is a benchmark rate commonly used for loans between banks. Imagine that, Mickey and Minnie Mouse with a better credit rating than many bankers.
Besides Disney, Vodaphone dialed in for $6 billion over several issues. Nothing beyond 'general corporate purposes' for the use of proceeds.
A few other issues for refinancing, general purposes and PolyOne (POL) funding and acquisition.