In separate SEC documents, Target CorporationTGT filed to raise about $1 billion in bonds due 2032 and McDonald’s CorpMCDabout $1.5 billion in two-part bonds due 2052 and 2032.
As per the Reuters report, the move comes ahead of a Federal Open Market Committee meeting scheduled for September 20-21, where the Fed is expected to decide on whether to go for another 75 bps rate increase.
Yesterday, IFR reported that at least 19 investment-grade bond deals were expected to price as issuers and investors get ready for what is expected to be a busy post-Labor Day session.
