This content is from: Innovation

IBM Raises $1B In Debt Sale

IBM has raised $1 billion through a sale of new debt.

IBM has raised $1 billion through a sale of new debt, The Wall Street Journal reports. The bonds, which carry a coupon rate of 1.25%, are due to mature on May 12, 2014.
The proceeds will be used for repayment of commercial paper, outstanding debt securities and other general corporate purposes. Citigroup, Deutsche Bank Securities, JP Morgan and Wells Fargo were the joint book-runners on the deal. 
Click here for the story fromThe Wall Street Journal.

Click here for additional coverage from Reuters.

Related Content