Disney Sells $7 Billion as U.S. Enters Peak New Debt Season
- Week’s investment-grade issuance could total up to $45 billion
- At least 20 issuers selling debt today, including Caterpillar
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Walt Disney Co. sold $7 billion of bonds, leading one of the busiest days ever for investment-grade debt issuance in the U.S.
Disney offered the unsecured notes in six parts, the largest deal Tuesday, when a total of about $27 billion priced. The longest portion of the offering, a 30-year security, will yield 0.95 percentage points more than Treasuries, down from initial talk of around 1.15 percentage points, according to a person with knowledge of the matter, asking not to be identified as the details are private.