Home Business Target, McDonald’s announce bond offering Reuters

Target, McDonald’s announce bond offering Reuters

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© Reuters. The McDonald’s restaurant logo is seen as McDonald’s Corporation reports fourth quarter earnings in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts

(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.

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