(Reuters) – Target Corp (NYSE: ) will raise about $1 billion in bonds and McDonald’s Corp (NYSE: ) will raise about $1.5 billion, the companies said in separate filings on Tuesday.
Target is offering $1 billion in bonds maturing in 2032, while McDonald’s is offering two tranches of $1.5 billion in bonds maturing in 2052 and 2032.
The move comes ahead of the Federal Open Market Committee meeting scheduled for September 20-21, where the Fed is expected to decide whether to go for another 75bp rate hike.
Earlier on Tuesday, IFR said at least 19 investment-grade bond deals were expected to rise as issuers and investors braced for a busy post-Labor Day session.
Separately, Lowe’s (NYSE: ) Cos Inc also announced a $4.75 billion four-strip note price.
