AbbVie, which is due to be spun off from Abbott Labs (ABT) on Jan 1, is set to this week sell...

|About: Abbott Laboratories (ABT)|By:, SA News Editor

AbbVie, which is due to be spun off from Abbott Labs (ABT) on Jan 1, is set to this week sell over $10B in bonds in what would be one of the 10 largest U.S. investment-grade debt offerings in recent memory, the WSJ reports. AbbVie will use the money pay a dividend to Abbot, which will itself use the cash to pay off its own debt.