From Yahoo Finance: 2024-04-29 18:19:59

Boeing Co. raised $10 billion from a bond sale, attracting $77 billion in orders to ease financial strains by refinancing part of its debt. Moody’s Ratings cut Boeing’s credit grade to near junk after a first-quarter loss of $3.9 billion, but the company’s shares rose 3.6%. The 40-year portion of the bonds yielded 2.25% more than Treasuries, lower than initially estimated. Boeing plans to use the proceeds for general corporate purposes and still has access to $10 billion in untapped credit lines. Credit markets remain open despite inflation fears, with high-grade bond funds seeing outflows for the first time this year.



Read more at Yahoo Finance: Boeing Gets a Welcome Respite With $10 Billion Bond Offering