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Pfizer borrows $31 billion in mega bond deal as debt issuance picks up ahead of debt-ceiling deadline

Por: MarketWatch Business May 17, 2023

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Pricing on the bonds, rated A1 by Moody’s Investors Service, narrowed about 20 basis points from initial expectations, with the $5 billion class of 10-year bonds clearing at a spread of 125 basis points above the risk-free Treasury rate , or a yield of about 4.7%, according to a person with direct knowledge of the dealings. Bankers initially pitched the bonds to investors at a range of Treasurys plus 145 basis points, according to... + full article



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