Bonds
Synopsys’ $10 Billion Bond Sale to Help Fund Ansys Purchase
This article is for subscribers only.
Synopsys Inc. sold $10 billion of investment-grade bonds Monday to help fund its $34 billion acquisition of Ansys Inc.
The transaction marks the biggest debt deal this year among US companies outside the financial sector. The longest portion of the six-part deal — a 30-year note — yields around 1.25 percentage points over Treasuries, according to a person familiar with the matter. Initial price talk was around 1.5 percentage points over Treasuries, the person said, asking not to be identified discussing a private matter.