ADVFN - Advanced Financial Network.
HOME» NASDAQ » E » EBAY Stock Price » EBAY Stock News

Ebay Inc. Share News

 Ebay Inc. (mm) Stock Price
EBAY Stock Price
 Ebay Inc. (mm) Stock Chart
EBAY Stock Chart
 Ebay Inc. (mm) Stock News
EBAY Stock News
 Ebay Inc. (mm) Company Information
EBAY Company Information
 Ebay Inc. (mm) Stock Trades
EBAY Stock Trades

EBay Auctions Four-Part Bond Deal as Yields Break Record Lows

By Patrick McGee EBay Inc. (EBAY) is auctioning at least $2 billion worth of debt in a four-part U.S. bond deal Thursday. This marks just the second time eBay has ever issued bonds. Its first deal, for $1.5 billion, was in October 2010. EBay should benefit from the lack of competition in this week's new-issue market. Yields are at record lows--Barclays's index of high-grade debt broke the 3% barrier for the first time in four decades of data on Wednesday when yields declined 0.07 percentage points to 2.98%--but issuance has been quiet with most companies focusing on releasing earnings. Thursday's sale comes a day after the e-commerce and payments company posted its fourth consecutive jump in quarterly profit. EBay said Wednesday its second-quarter revenue climbed 23% to $3.4 billion and profit more than doubled to $692 million from a year earlier. The San Jose, Calif., company intends to sell bonds across the yield curve, with bonds maturing in three, five, 10, and 30 years. The deal is "benchmark"-sized, according to an early term sheet, indicating at least $500 million per tranche. Market sources indicate the size could be $3 billion. The bonds carry provisional ratings of A2 from Moody's Investors Service and A from Standard & Poor's and Fitch Ratings. Scott Kimball, portfolio manager at the $7.3 billion BMO TCH Corporate Income Fund in Miami, noted that high-quality bond issuers have been getting an extremely welcome reception recently, with some trading at yields within half a percentage point of Treasurys. Toyota Motor Credit Corp. (TM) 0.875% coupon bonds due 2015, for instance, traded Thursday morning at a spread of just 0.47 percentage points. They were issued last week at a spread of 0.58 points. Ebay's 3.25% coupon, 2020 bond traded on July 13 with a spread of 0.75 points to Treasurys, yielding 2.248%, according to MarketAxess. "The bond market is expecting further economic deterioration and continued [Federal Reserve] action," Mr. Kimball said, mentioning the possibility for another round of monetary easing. Proceeds from eBay's sale are for general corporate purposes. Write to Patrick McGee at patrick.mcgee@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Ebay Inc. (EBAY)
DateTimeHeadline
02/11/201612:23:58Statement of Ownership (sc 13g)
02/09/201609:50:00PayPal Names New Technology Chief
02/09/201609:40:00PayPal Names New Technology Chief
02/08/201611:07:00StubHub Launches a Revolutionary New Ticketing Platform for Rights...
02/05/201614:50:00At Silicon Valley Super Bowl, Paper Is Just the Ticket
02/03/201618:03:20Statement of Changes in Beneficial Ownership (4)
02/03/201617:55:54Amended Statement of Beneficial Ownership (3/a)
02/03/201617:25:16Statement of Changes in Beneficial Ownership (4)
02/01/201612:30:00StubHub Rolls Out New Ticket Recommendation and Instant Relist...
02/01/201608:00:00eBay Celebrates Valentine’s Day with Exclusive Charity Auctions...
01/29/201607:40:00Xerox To Split Up, Makes Deal With Carl Icahn
01/28/201620:22:00Xerox to Split in Two; Carl Icahn to Get Three Board Seats
01/28/201617:00:00Amazon Reports Best Quarterly Profit Ever
01/28/201609:48:00U.S. Hot Stocks: Hot Stocks to Watch
01/27/201619:38:00PayPal Opens Venmo App to Online Stores as Results Beat Expectations...
01/27/201618:57:00Ebay Reports Another Drop in Revenue -- 2nd Update
01/27/201617:30:00PayPal Results Beat Expectations as User Accounts Climb
01/27/201617:25:00PayPal Results Beat Expectations as User Accounts Climb
01/27/201617:10:00Ebay Reports Another Drop in Revenue
01/27/201617:06:00Ebay Reports Another Drop in Revenue--Update

Ebay Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad