HON Honeywell International Inc

   By Tess Stynes 
 

Honeywell International Inc. (HON) plans to offer $1 billion of debt as the industrial conglomerate raises funds for general corporate purposes.

The company is offering $300 million of 10-year, 3.35% senior notes and $700 million of floating rate, senior notes that mature in 2015.

As the soft economy slows revenue growth, Honeywell--a maker of aerospace, building control and safety products--has focused on boosting its margins to improve profits.

Shares closed Monday at $88.68 and weren't actively trading after hours. The stock is up 40% this year.

Write to Tess Stynes at tess.stynes@wsj.com

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