PayPal Holdings Inc. kicked off its debut bond offering as the investment-grade market reignited.
The digital payments company sold $5 billion of senior unsecured bonds in four parts. The longest portion of the offering, a 10-year security, will yield 1.1 percentage points above Treasuries, after initially discussing between 1.3 and 1.35 percentage points, according to a person with knowledge of the matter, who asked not to be identified as the details are private.
