Moody’s Sells $500 Million of Debt With First Issue in Two Years

Moody’s Corp. (MCO), the world’s second- largest provider of credit ratings, sold $500 million in bonds for general corporate purposes, its first offering since 2010.

Moody’s issued the 4.5 percent, 10-year bonds to yield 280 basis points, or 2.8 percentage points, more than similar- maturity Treasuries, according to data compiled by Bloomberg. Standard & Poor’s, the biggest credit-ratings firm, ranked the debt BBB+, its third-lowest investment-grade level, according to a statement.

The company last tapped the debt market in August 2010 with a $500 million offering. The 5.5 percent securities due in September 2020 traded at 108.7 cents on the dollar yesterday for a yield of 4.2 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

Bank of America Corp., Citigroup Inc., and JPMorgan Chase & Co. managed the sale, Bloomberg data show.

To contact the reporter on this story: Matt Robinson in New York at

To contact the editor responsible for this story: Alan Goldstein at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.