Bond Concessions Soar to Highest Since January

Bond Concessions Soar to Highest Since January

Jin Lee/Bloomberg

Northfield, Illinois-based Kraft Foods Inc.’s $6 billion offering on May 30 included $2 billion of 3.5 percent, 10-year notes at a spread of 200 basis points, or 75 more than where its bonds due February 2020 were quoted.