By Andrea Johnson – International Business Machines Corp on Tuesday (May 8, 2012) set a record for the lowest ever coupon on a seven-year note, breaking through the 2.00% barrier in that maturity for the first time.
IBM, rated Aa3/A+/A+, sold $1.5 billion of debt in a two-part deal, consisting of $900 million of three-year notes and $600 million of seven-year notes.
IBM already holds the low coupon record in three-years with its 0.55s due February 2015, a tough number to beat. more> http://tinyurl.com/dyclvae
- IBM PureSystems, StrategyGroup
- The Downfall of IBM (theneteconomy.wordpress.com)
- Implementing Enterprise 2.0 at IBM (cloudave.com)
- IBM on Path to Cut Internal Apps by 85% (techworld.com.au)
- IBM Sells $1.5 Billion of Bonds as Company Yields Decline, Sarika Gangar, Bloomberg