Investing

Tens of Billions in New Corporate Debt Offerings at Astonishingly Low Rates

British American Tobacco PLC (NYSE: BTI) sold $3.5 billion worth of notes for its BAT Capital subsidiary, as follows:

  • $1 billion at 2.789% due 2024
  • $1 billion at 3.215% due 2026
  • $500 million at 3.462% due 2029
  • $1 billion at 4.758% due 2049

Coca-Cola Co. (NYSE: KO) issued two series of notes with a $2 billion tally:

  • $1 billion at 1.750% due 2024
  • $1 billion at 2.125% due 2029

CSX Corp. (NYSE: CSX) issued $1 billion in new debt, as follows:

  • $400 million at 2.400% due 2030
  • $600 million at 3.350% due 2049

Deere & Co. (NYSE: DE) issued $500 million worth of 2.875% notes due in 2049.

Danaher Corp. (NYSE: DHR) sold nearly €6.2 billion worth of notes for its European subsidiary D.H. Europe Finance, as follows:

  • €1.25 billion at 0.200% due 2026
  • €1.25 billion at 0.450% due 2028
  • €1.75 billion at 0.750% due 2031
  • €1.25 billion at 1.350% due 2039
  • €750 million at 1.800% due 2049

KeyCorp. (NYSE: KEY) sold $750 million worth of senior medium-term notes with a 2.55% coupon due October 1, 2029.

Murphy Oil USA Inc. (NYSE: MUR) sold $500 million worth of 4.750% senior notes due in 2029.

Newmont Goldcorp Corp. (NYSE: NEM) sold $700 million worth of 2.800% senior notes due 2029 to repay upcoming debt maturing, and these even have a make-whole call provision.

Phillips 66 Partners L.P. (NYSE: PSXP) sold $900 million worth of senior notes, as follows:

  • $300 million at 2.450% due 2024
  • $600 million at 3.150% due 2029

Unilever Group N.V. (NYSE: UL) sold more than $1.3 billion in senior notes for its Unilever Capital subsidiary, as follows:

  • $500 million at 2.600% due 2024
  • $850 million at 2.125% due 2029

Unum Group (NYSE: UNM) issued $450 million in 4.500% senior notes due 2049.

Walt Disney Co. (NYSE: DIS) issued $7 billion worth of new debt:

  • $500 million floating rate notes due 2021
  • $500 million floating rate notes due 2022
  • $500 million at 1.650% due 2022
  • $1.5 billion at 1.750% due 2024
  • $2.0 billion at 2.000% due 2029
  • $2.0 Billion at 2.750% due 2049

Willis Towers Watson PLC (NASDAQ: WLTW), via Willis North America, sold $1 billion in senior notes, as follows:

  • $450 million at 2.950% due 2029
  • $550 million at 3.875% due 2049

Additional filings seen during the week but without formal pricing were as follows:

  • Evergy Inc. (NYSE: EVRG)
  • Mohawk Industries Inc. (NYSE: MHK)
  • Verisk Analytics Inc. (NASDAQ: VRSK)

Sponsored: Find a Qualified Financial Advisor:

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.