McDonald’s Pays Record Low 3.7% Interest Rate on 30-Year Bonds
This article is for subscribers only.
McDonald’s Corp., the world’s largest restaurant chain, claimed the lowest yield on a 30-year bond as it tapped the debt market for $750 million in a two-part offering as falling interest rates accelerate U.S. debt sales.
McDonald’s paid a 3.7 percent coupon on its $500 million of 30-year bonds sold today, a record low for the maturity, according to data compiled by Bloomberg. The securities were sold at 98.57 cents on the dollar at a yield of 3.78 percent, or 80 basis points more than similar-maturity Treasuries.