Boeing raises $25 billion in blowout debt sale, eschews government aid
Boeing Co (BA.N) raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which it said helped the company avoid taking government aid during the coronavirus-induced travel downturn. Boeing’s capital raise, first reported by Reuters earlier this week, is the sixth-largest investment-grade bond offering of all time and the biggest year-to-date, according to Refinitiv data. The Federal Reserve’s intervention in the credit market has boosted prospects for troubled borrowers such as Boeing.
The U.S. central bank has slashed interest rates to zero and rolled out around $2 trillion in lending commitments. While it has not yet snapped up any corporate bonds such as Boeing’s, its openness to doing so has buoyed credit markets.
The planemaker has been trying to bring its 737 MAX jet back into service after two fatal crashes, while the coronavirus pandemic has hammered aviation and other industries. Business shutdowns around the world to curb the outbreak have dried up demand for air travel.
https://www.reuters.com/article/us-boeing-debt/boeing-raises-25-billion-in-blowout-debt-sale-eschews-government-aid-idUSKBN22C3SJ
They do not want to give the gov't an equity stake or warrants for the bailout money.
Good luck in the junk market..call us when you have to start paying the coupon