US retailers issue billions of dollars worth of bonds ahead of rate hike
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Many US retailers and food service chains are issuing bonds in anticipation of another rate hike by the US Federal Reserve (Fed). Today, September 7, on the issue of bonds for a total of $5 billion announced largest American retailer Walmart. The company issued bonds with a coupon yield of 3.9-4.5% and maturities from 2025 to 2052.
On Tuesday, September 6, on the issue of bonds for a total of $1 billion informed another American retailer is Target. On the same day, McDonald’s, a chain of fast food restaurants, issued bonds worth $1.5 billion. Earlier, the retailer of household goods and building materials Lowe`s (for $4.75 billion) and the fixed-price goods store chain Dollar General (for $2.3 billion) announced the issue of bonds.
Experts expect that at the meeting on September 20-21, the Fed may raise the rate by 0.75 percentage points.
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