Monopoly Game Maker Hasbro Sells $500 Million Bond
- Firm sold investment-grade bonds that mature in a decade
- This week is so far busiest this year as borrowing costs fall
Hasbro’s Monopoly board game.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
Hasbro Inc. sold a $500 million bond on Wednesday, raising debt for the first time in nearly five years and joining a wave of blue-chip companies storming the US investment-grade market in the busiest week of the year.
The maker of games such as Monopoly and Dungeons & Dragons sold bonds maturing in 10 years for general corporate purposes, according to a person with knowledge of the matter. The notes yield 1.6 percentage point above Treasuries, said the person, who asked not to be identified as the details are private, after earlier discussions for around 1.8 percentage point.