Seeking Alpha

Companies rush to borrow, pt. 2

  • KKR is planning to raise $300M in 30-year money with its third-ever bond offering, reports Bloomberg, which says the paper could yield as little as 187.5 basis points above comparable Treasurys.
  • This compares with a spread of about 245 basis points on $500M of 30-year bonds issued by KKR in January 2013. Those are currently quoted at 108.5 cents on the dollar to yield 4.94%.
  • Previously: Companies rush to borrow amid "wall of money"
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