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000-833 | 000-416 | 000-695 | 000-382 | C2140-138 | LOT-803 | A2090-611 | C2010-506 | LOT-917 | P2140-022 | 000-503 | 000-268 | 000-959 | C2010-518 | C2040-423 | COG-632 | 000-M78 | 000-284 | C2030-284 | 000-619 |

IBM launches $20B debt offering

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

The debt offering is in eight materials starting from $1.5B two-12 months fastened at +50 to $3B 30-12 months fixed at +a hundred forty five. (Bloomberg facts)

IBM has a pre-acquisition debt load of about $50B however nonetheless has high credit rankings. The business plans to droop buybacks in 2020 and 2021 to funnel many of the FCF in opposition t paying down the debt.

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