Boeing issues $1bn as rally on spreads slows but corporate bond market remains upbeat
Boeing Capital brought a $1bn 5s/10s offering via Credit Suisse, Goldman Sachs and JPMorgan on Thursday. Despite the rally in recent months, the deal was sold at levels very similar to when the issuer last came to the market in July.
The single-A rated borrower priced the $500m five year at Treasuries plus 95bp and the $500m 10 year at Treasuries plus 130bp, in line with earlier price guidance.
The issue the third time it has visited the term debt market in 2009 arrived one day after Boeing
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