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John Deere Capital Offers $850M In Debt
John Deere Capital has issued debt worth $850 million.
John Deere Capitalhas issued debt worth $850 million,The Wall Street Journalreports. The financial services firm will sell five year fixed rate notes worth $500 million, which has a risk premium of 65 basis points over Treasurys.
The $350 million two year floating-rate notes are 15 basis points over the three-month London Interbank Offered rate.Deutsche Bank,HSBCandJP Morganare the joint bookrunning managers for the sale.
Click here for the story fromThe Wall Street Journal.
Click here for the additional coverage fromReuters.