Tweet

Disney Sells $1.1 Billion in Bonds

By Jonathan Hemingway -- Broadcasting & Cable, 7/12/2007 12:54:00 PM

Walt Disney Company sold $1.1 billion through the issuance of two new bonds today. 

Disney sold $750m of a bond maturing in three years with an interest rate that floats seven basis points over the three month London interbank offered rate (LIBOR).

The second bond was $350 million in size and matures in 2017. The company will pay an interest rate fixed at 6.00%. It was initially priced to the public to give a yield of 6.03%, or 90 basis points over the 10-year Treasury bond.

Walt Disney Co. is rated A2 by Moody’s and A- by S&P.

The transaction was managed by BNP Paribas, Credit Suisse First Boston, Goldman Sachs and JP Morgan.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Comcast Responds to Shareholder Complaint

• Grande Communications Up for Sale

• Portland FiOS TV Subscribers Get Comcast SportsNet Northwest

• Supreme Court: No Liability for Charter Communications Suppliers

• AT&T U-verse TV Launches Interactive Features in Indiana

Also by Jon Hemingway

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Akamai

  

  Akamai provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most recognized brands across diverse..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Infrastructure Design for High Volume Video Workflows
• Mobile Media Strategies That Work
• Multi Format Encoding for Efficient Content Repurposing
• The CIOs Guide to Videoconferencing Security Keeping Pace with th..