McDonald’s Corp. (MCD.N) will raise approximately $1.5 billion in bonds, and Target (TGT.N) Corp. will raise about $1 billion, the firms revealed in separate papers. While McDonald’s is offering approximately $1.5 billion in two-part bonds due 2052 and 2032, Target is offering $1 billion in notes due 2032.
The decision comes ahead of a Federal Open Market Committee meeting slated for September 20-21, where the Fed is likely to determine whether to raise interest rates by another 75 basis points.
According to IFR, at least 19 investment-grade bond offerings are scheduled to price as issuers and investors prepare for a busy post-Labor Day.
Similarly, Lowe’s Cos Inc. (LOW.N) also announced the price of a $4.75 billion four-part notes issuance.
