ADVFN - Advanced Financial Network.
HOME» NYSE » M » MCD Stock Price » MCD Stock News

Mcdonalds Share News

 Mcdonalds Corp Stock Price
MCD Stock Price
 Mcdonalds Corp Stock Chart
MCD Stock Chart
 Mcdonalds Corp Stock News
MCD Stock News
 Mcdonalds Corp Company Information
MCD Company Information
 Mcdonalds Corp Stock Trades
MCD Stock Trades

McDonald's Matches IBM's Record-Low 7-Year Coupon At 1.875%

By Patrick McGee Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Corporate bonds weakened Wednesday as risk aversion took hold of investors, but McDonald's (MCD) was lovin' it. The burger chain upsized its two-part bond combo to $900 million, from $750 million when it reported its borrowing plans just before the equity market opened. McDonald's attained a corporate market record-low 3.70% coupon for 30-year bonds when it last issued debt in February. This time around, it matched the record low for seven-year debt. McDonald's sold $500 million of three-year notes with a 0.75% coupon at 0.843%, or 0.45 percentage point over Treasurys, and $400 million of seven-year notes with a 1.875% coupon at 2.022%, or 0.88 point over Treasurys. The seven-year coupon matches the record low set earlier this month by International Business Machines Corp. (IBM), according to Dealogic, whose data go back to 1995. The lowest coupon ever for three-year debt was 0.55%. That too was set by IBM, in February. The deal was led by Bank of America Merrill Lynch, Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley and Wells Fargo & Co. Meantime, high-grade corporate bonds weren't immune to the broader selloff. Eight of the top 10 most traded bonds deteriorated Wednesday, with bank bonds leading the way downward, electronic trading platform MarketAxess shows. Morgan Stanley 4.75% coupon bonds due 2014 declined to $98.162 from $98.286. Their yields soared 0.73 percentage point to 5.814%. Markit's CDX North America Investment Grade Index, a proxy for risk, shot up 3.2% in early trading but the weakening softened later in the day. By 3:30 p.m. EDT the index stood at 119 basis points, reflecting a 0.7% weakening on the day. A basis point is one-hundredth of a percentage point, and the figure represents the annual cost to insure bonds for five years. At this level, the annual cost to insure $10 million of bonds would be $119,000. On Tuesday, the cost had fallen to $117,000 on two days of improving sentiment. On Friday, it was $124,000, the costliest of 2012. -By Patrick McGee, Dow Jones Newswires; 212-416-2382; patrick.mcgee@dowjones.com

Stock News for Mcdonalds (MCD)
DateTimeHeadline
04/24/201517:42:54McDonald's Co.'s "Positive" Rating Reiterated at Barclays (MCD)
04/23/201521:17:20Higher Prices Fail to Salvage Profits
04/23/201515:05:02How Facebook Inc. is Forcing Businesses to Spend More
04/23/201509:03:02The Threat of Avian Flu Flutters Over a Weakened McDonald's
04/22/201519:42:02What Could Possibly Go Wrong With Starbucks Stock?
04/22/201519:05:03McDonald's Corporation Looks More Like This Failing Retailer...
04/22/201517:05:57MARKET SNAPSHOT: Nasdaq Hits 15-year High; Dow Lifted By Visa...
04/22/201516:23:34McDonald's Reports Steeper Profit Drop--4th Update
04/22/201515:23:19U.S. Stocks Rise; Nasdaq Composite Nears Record High
04/22/201513:59:33MARKET SNAPSHOT: Dow Move Higher Powered By McDonald's, Visa
04/22/201513:40:49MARKET SNAPSHOT: Dow Industrials Gets A Lift From McDonald's...
04/22/201513:35:13U.S. Stocks Trade Slightly Higher
04/22/201513:32:30McDonald's Corporation Posts Same-Store Sales Declines for Q1
04/22/201512:07:03Stocks: Was One Man Responsible For the 2010 "Flash Crash"?
04/22/201511:45:43U.S. Stocks Trade Slightly Higher
04/22/201511:00:25McDonald's Reports Steeper Profit Drop--3rd Update
04/22/201510:41:52MARKET SNAPSHOT: U.S. Stocks: Dow Industrials Edge Lower, But...
04/22/201510:27:21U.S. Stocks Trade Little Changed
04/22/201510:05:33MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up, Erasing Early...
04/22/201509:37:28MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up, Erasing Early...

Mcdonalds 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