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Mickey and Minnie Score Cheap Credit

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February 18, 2013 – Comments (0)

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.

Fool on!

Russ

 

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