DOW Raises $2B In Debt
The Dow Chemical Company (NYSE:DOW) sold $2 billion in new 10 and 30 year bonds. The 10 year bond for $1.25 billion is due in 2021 and is priced at 2.15 percentage points over comparable government debt to yield 4.174%. However, the 30 year bond for $750 million is due in 2041 and is priced [...]
The Dow Chemical Company (NYSE:DOW) sold $2 billion in new 10 and 30 year bonds. The 10 year bond for $1.25 billion is due in 2021 and is priced at 2.15 percentage points over comparable government debt to yield 4.174%. However, the 30 year bond for $750 million is due in 2041 and is priced at 2.20 percentage points over Treasurys to yield 5.259%.
The net proceeds will be used for general corporate purposes, including fund pension contributions, finance capital expenditures and working capital, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards