McDonald’s Sells $1 Billion of Bonds as Debt Set to Mature
- It’s the chain’s first dollar notes since last August
- The fast-food company is also selling local bonds in Canada
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McDonald’s Corp. sold $1 billion of bonds Tuesday that may help the fast-food giant refinance debt due in coming months.
The company is issuing $500 million each of five- and 10-year notes, according to a person with knowledge of the matter. The 10-year bond was priced 0.8 percentage point above comparable Treasuries, said the person, who asked not to be identified because they’re not authorized to speak about it. Early price talk ranged from 1.05 to 1.1 points.