7-Eleven empties shelves in $11bn US bond debut

By David Rothnie
28 Jan 2021

7-Eleven capitalised on huge investor demand to issue its first dollar bond this week, printing the largest US corporate deal of the year so far.

With roughly 40% of the S&P 500 reporting earnings this week, the convenience store chain had the market to itself for a $10.95bn eight part deal, besting the $10bn printed by Broadcom this month.

Proceeds will help fund the acquisition of Marathon Petroleum's Speedway gas stations in North America, ...

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