Target, McDonald’s announce bond offerings

(Reuters) – Goal Corp will elevate about $1 billion in bonds and McDonald’s Corp about $1.5 billion, the businesses disclosed in separate filings on Tuesday.

Goal is providing $1 billion in notes due 2032, whereas McDonald’s is providing about $1.5 billion in two-part bonds due 2052 and 2032.

The transfer comes forward of a Federal Open Market Committee assembly scheduled for September 20-21, the place the Fed is anticipated to determine on whether or not to go for an additional 75bp charge enhance.

Earlier on Tuesday, IFR reported that a minimum of 19 investment-grade bond offers had been anticipated to cost, as issuers and buyers prepare for what is anticipated to be a busy post-Labor Day session.

Individually, Lowe’s Cos Inc additionally introduced pricing of a four-part notes providing at $4.75 billion.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Modifying by Shinjini Ganguli)