Wednesday, March 2, 2016

ExxonMobil sells $12B in bonds


             Exxon Mobil Corp. has raised $12 billion in its biggest bond sale on record, according to Bloomberg, which said that the company sold the debt in eight parts at above average yields. The sale will increase Exxon’s cash flow for its capital expenditures and for new investments.

The Exxon sale included $2.5 billion in 4.114% 30-year bonds yielding 150 basis points more than comparable government debt. The company’s $2.5 billion tranche of 3.043% 10-year notes sold at 130 basis points more than comparable treasuries — a 48 basis-point premium to comparable debt, Bank of America Merrill Lynch data shows.

Exxon held the sale after Moody’s Investors Service cut Exxon’s outlook from negative to stable on Feb. 25. Standard & Poor’s placed Exxon on credit watch with negative implications on Feb. 2, and said it expected that Exxon’s credit measures will likely remain weak through 2018.

Source: OGFJ

0 comments:

Post a Comment

Tu comentario será moderado la primera vez que lo hagas al igual que si incluyes enlaces. A partir de ahi no ser necesario si usas los mismos datos y mantienes la cordura. No se publicarán insultos, difamaciones o faltas de respeto hacia los lectores y comentaristas de este blog.