Bond Buyers Binge on Netflix to Fund the Next ‘Stranger Things’
- Company receives record-low coupon on $1 billion bond sale
- Market capitalization makes it ‘an easy place to hide out’
Stranger Things.
Source: NetflixThis article is for subscribers only.
Netflix Inc.’s next binge-worthy show is coming courtesy of the junk-bond market.
Investors scooped up $1 billion of the the video streaming and DVD rental service’s bonds on Monday at record-low yields. That’s $200 million more than what Netflix originally sought.