IU at IBM plant in Huntsville (Photo credit: Wikipedia)
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
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