KKR Feeds Long-Bond Rally With $500 Million Debt Offering
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KKR & Co., the private-equity firm run by billionaires Henry Kravis and George Roberts, is catering to a rally in longer-dated corporate bonds by boosting its offering of 30-year debt to $500 million.
The firm’s finance unit issued 5.125 percent securities that pay 1.8 percentage points more than similar-maturity Treasuries, according to data compiled by Bloomberg. The deal grew from $300 million marketed earlier and coincides with investor demand for longer-maturity debt that’s outperformed securities that come due sooner.