Home Depot Sells $1 Billion of Debt in Retailer's First Sale Since 2006

Home Depot Inc., the largest U.S. home-improvement retailer, sold $1 billion of debt in a two-part offering, its first bond sale since 2006, according to data compiled by Bloomberg.

The company sold $500 million of 3.95 percent, 10-year notes that yield 135 basis points more than similar-maturity Treasuries, and $500 million of 5.4 percent, 30-year bonds that pay a 175 basis-point spread, Bloomberg data show. A basis point is 0.01 percentage point.

The Atlanta-based retailer last sold debt in December 2006, issuing $5 billion of bonds to finance the repurchase of shares.

To contact the reporter on this story: Sapna Maheshwari in New York at sapnam@bloomberg.net

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