On October 29, Boeing placed bonds in the amount of $4.9bn
November 2, 2020
Just a day after Boeing reported the fourth consecutive quarterly loss, it managed to place 4 bonds. An order book amounted to $12.5bn.
Despite increased volatility in financial markets, the high-grade credit market demonstrates resilience. Boeing used this in its favor to place the notes while investors worry about the second Covid-wave and uncertainties around the US election are increasing.
Bookrunners: BNP Paribas, Bank of America Merrill Lynch, Citigroup, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, JP Morgan, Mizuho Financial Group, Morgan Stanley, RBC Capital Markets, SMBC Nikko Capital, Wells Fargo.
Boeing, 1.95% 1feb2024:
Initial issue price (yield) - 99.864%
Spread to us Treasury bonds - 180 bp
Boeing, 2.75% 1feb2026:
Initial issue price (yield) - 99.92%
Spread to us Treasury bonds - 240 bp
Boeing, 3.25% 1feb2028:
Initial issue price (yield) - 99.978%
Spread to us Treasury bonds - 265 bp
Boeing, 3.625% 1feb2031:
Initial issue price (yield) - 99.936%
Spread to us Treasury bonds - 280 bp
Company — Boeing
Full nameThe Boeing Company