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C4030-670 | C4040-108 | M2040-671 | 000-833 | C9550-605 | COG-632 | C2140-058 | 000-M97 | C4040-109 | P2080-034 | P2170-035 | 000-M76 | C9520-423 | A2010-503 | 000-560 | C9020-562 | 000-035 | 000-281 | 000-N11 | COG-321 |

IBM launches $20B debt offering

IBM (IBM +0.6%) launches a $20B bond sale to help with its red Hat (NYSE:RHT) acquisition, which is valued at roughly $33B and is anticipated to close in H2.

The debt providing is in eight materials ranging from $1.5B two-12 months mounted at +50 to $3B 30-yr fastened at +a hundred forty five. (Bloomberg data)

IBM has a pre-acquisition debt load of about $50B however still has high credit ratings. The company plans to suspend buybacks in 2020 and 2021 to funnel lots of the FCF towards paying down the debt.

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