IBM Sells $1 Billion of Debt Amid Acquisition Spree
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International Business Machines Corp., the world’s biggest computer-services provider, sold $1 billion of debt due January 2016, according to data compiled by Bloomberg.
IBM issued the notes four months after selling $1.5 billion of debt due 2013 at the lowest interest rate on record at the time, according to data compiled by Bloomberg. Moody’s Investors Service upgraded the senior unsecured rating of IBM’s debt one level to Aa3 from A1 last month, citing a growing emphasis on higher-margin software and services.