Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

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

Don't Miss Out —
Follow us on:

Aug. 15 (Bloomberg) -- Moody’s Corp., 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 mrobinson55@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net