in this issue
People & Business :: Companies
Praxair Issues $400 Million in Debt at 1.75% (Updated)
11:31 AM MST | November 11, 2009 | Vincent Valk
Praxair has issued $400 million in new debt securities due in 2012, the company announced today. The debt carries an interest rate of 1.75%. The current debt issue is expected to close on November 16. Praxair's long-term debt is rated A2 by Moody's, and A by Standard and Poor's. "The past two days have been two of the best days all year to issue," says Eric Peiffer managing director/debt markets at KeyBanc Capital Markets, noting that many deals are pricing very close to where comparable existing bonds are trading. The recent Praxair deal was priced a...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee