Companies rush to borrow, pt. 2

|By:, SA News Editor

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"