ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAT Stock Price » CAT Stock News

Caterpillar Share News

 Caterpillar Inc. Stock Price
CAT Stock Price
 Caterpillar Inc. Stock Chart
CAT Stock Chart
 Caterpillar Inc. Stock News
CAT Stock News
 Caterpillar Inc. Company Information
CAT Company Information
 Caterpillar Inc. Stock Trades
CAT Stock Trades

Caterpillar in Market With $1.5 Billion Bond Deal

Equipment maker Caterpillar Inc. (CAT) hit the U.S. debt markets Thursday with a $1.5 billion, three-part bond offering, enamored by low benchmark interest rates and seizing on a rare window of opportunity for borrowing with hopes of a coordinated solution to Europe's debt crisis. The deal comprises three-, five- and 10-year notes and is being led by Bank of America Merrill Lynch, Citigroup Inc. (C) and J.P. Morgan Chase & Co. (JPM). Proceeds will be used for general corporate purposes. On Wednesday, safe-haven Treasurys, to which corporate debt is benchmarked, rallied because the Federal Reserve said it would extend a form of stimulus that became known as "Operation Twist" through December, after it originally was scheduled to end this month. The Fed also left the door open for a further round of quantitative easing. "QE3 is still very much on the table," said Anthony Valeri, investment strategist in fixed income for LPL Financial, who put the chances of the Fed launching a fresh bond-buying spree later this year at 60%. Weaker-than-expected weekly jobless claims data also gave a boost to Treasurys. An index tracking the health of highly rated corporate bonds, called the CDX North American Investment Grade index, was 1.8% improved on the day, according to index administrator Markit. Caterpillar bonds were off to a strong start in secondary trade this session, with the company's 2.85% bonds due June 2022 trading at 0.91 percentage point over comparable Treasurys, a risk premium that was 0.16 point narrower than Wednesday's levels, according to MarketAxess. Write to Katy Burne at katy.burne@dowjones.com

Stock News for Caterpillar (CAT)
DateTimeHeadline
05/23/201512:08:02Why Lower Iron Ore Prices Could Hit Caterpillar Stock Hard
05/22/201513:02:03Additional Proxy Soliciting Materials (definitive) (defa14a)
05/22/201512:40:26Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201509:10:05Current Report Filing (8-k)
05/19/201506:03:02Notice of Exempt Solicitation Pursuant to Rule 14a6(g) (px14a6n)
05/18/201521:09:03The 30 Dow Jones Stocks
05/12/201514:32:15Statement of Changes in Beneficial Ownership (4)
05/11/201518:27:12Why CalAmp Jumped 17% in April
05/11/201517:04:52MARKET SNAPSHOT: U.S. Stocks Close Lower In A Thinly-traded Session
05/11/201514:59:27MARKET SNAPSHOT: U.S. Stocks Slumping After Friday's Rally
05/11/201511:14:34MARKET SNAPSHOT: U.S. Stocks Dipping After Friday's Rally
05/11/201511:07:13These 3 Stocks Should Raise Their Dividend Soon
05/11/201510:25:17MARKET SNAPSHOT: U.S. Stocks Struggle To Take Flight After Friday's...
05/11/201500:00:00Caterpillar to Establish Regional Training Center in Dubai
05/10/201519:46:19Case of the Vanishing Worker
05/07/201520:05:23Caterpillar Invests in an Airbnb for Excavators -- 2nd Update
05/07/201518:57:07Caterpillar Invests in an Airbnb for Excavators -- Update
05/07/201518:38:29Caterpillar Invests in an Airbnb for Excavators
05/05/201517:51:37Statement of Changes in Beneficial Ownership (4)

Caterpillar and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price 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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad