Boeing raises $25bn in blowout debt sale

Boeing raises $25bn in blowout debt sale

The Federal Reserve's intervention in the credit market has boosted prospects for troubled borrowers such as Boeing.. Following the bigger-than-expected bond offering, Boeing, which had been weighing seeking government aid, said it had no further plans to raise funds.. Among the debt sold was a 10-year bond with a 5.15 percent yield and a 450 basis point premium to US Treasuries of a comparable duration, according to Refinitiv IFR data.. By comparison, Boeing sold a 10.5-year bond in July with a 2.96 percent yield and at a 90 basis point premium to US Treasuries.. Boeing had faced a May 1 deadline set by Treasury to seek priority funding from a $17 billion fund for national security-related companies.. Crash brings down Singapore oil tycoon /node/1668331/business-economy. But the trading hero's rags-to-riches saga ended when global oil markets were plunged into turmoil by the coronavirus pandemic.. Global oil demand has collapsed by around a third this year because of the pandemic.. Global oil demand has collapsed by around a third, according to some estimates, as the pandemic brings economic activity to a standstill.. I mean, the guys were big," the oil trader said..