Boeing Gets a Welcome Respite With $10 Billion Bond Offering
- The planemaker gets orders for $77 billion for six-part sale
- Pricing reflects ‘solid execution’ after credit ratings cut
Boeing 737 Max aircraft outside the company's facility in Renton, Washington, US.
Photographer: David Ryder/BloombergThis article is for subscribers only.
Boeing Co. raised $10 billion from a bond sale on Monday that attracted about $77 billion of orders and allowed the planemaker to ease some of its financial strains by refinancing part of its massive debt load.
The outsized demand for the bonds — which Boeing attracted by initially dangling a relatively juicy yield premium to prospective investors — allowed the company to ultimately shrink that premium before it priced.