Deere Sells $1.6 Billion of Bonds, Helping to Extend Maturities
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Deere & Co., the largest maker of agricultural equipment, sold $1.6 billion of bonds in a three-part offering through its financing arm as it looks to refinance maturing debt.
Deere was joined by Comcast Corp., American International Group Inc. and MetLife Inc.’s global funding affiliate, which are among other companies leading bond sales in the U.S. to about $8 billion today, after a shutdown of supply in the investment-grade market yesterday, according to data compiled by Bloomberg.