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
07/24/201416:25:29MARKET SNAPSHOT: S&P 500 Ekes Out A Record, But Dow Industrials...
07/24/201412:10:53MARKET SNAPSHOT: U.S. Stocks Edge Higher; Earnings In Focus
07/24/201410:42:14MARKET SNAPSHOT: U.S. Stocks Pare Gains; Home Sales Disappoint
07/24/201410:26:15U.S. Stocks Rise on Data, Earnings
07/24/201409:51:18MARKET SNAPSHOT: U.S. Stocks Open Higher; Facebook Jumps On Results
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/24/201409:21:25MARKET SNAPSHOT: U.S. Stocks: Futures Up; Jobless Claims Tumble
07/24/201407:17:12MARKET SNAPSHOT: U.S. Stocks: Futures Up As Ford, Facebook Rise...
07/24/201406:16:16MARKET SNAPSHOT: U.S. Stocks: Futures Up With Eyes On Ford, Facebook
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
06/22/201421:06:39Rep. McCarthy Doesn't Support U.S. Export-Import Bank--2nd Update
06/10/201417:59:34Caterpillar Settles Engine-Fire Suit for $46 Million
05/20/201417:08:00MARKET SNAPSHOT: U.S. Stocks Decline; Dow In Triple-digit Loss
05/12/201417:26:43Dow, S&P Close at New Highs
05/06/201417:48:11BOND REPORT: Long-term Treasurys Extend Gains After Auction
05/06/201417:30:28BOND REPORT: Long-term Treasurys Extend Gains Ahead Of Auctions
05/05/201418:16:18Caterpillar Sells $500 Million of 50-Year Bonds
05/05/201417:16:29BOND REPORT: Treasurys Fall After Strong Service-sector Report
05/02/201418:28:14Caterpillar Unit May Face Air-Pollution Fines -- 2nd Update
05/02/201418:06:42Caterpillar Unit May Face Air-Pollution Fines -- Update

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