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California-based U.S. satellite TV giant DirecTV, sold $3 billion of 5-, 10- and 30-year notes, according to a report from Bloomberg earlier this week.
DirecTV offered $1.2 billion of 3.55 percent five-year notes which yield 120 basis points more than similar-maturity Treasuries, $1.3 billion of 5.2 percent 10-year debt that pays 150 basis points more than benchmarks, and $500 million of 6.35 percent 30-year obligations at a 167 basis-point spread according to Bloomberg.
For those interested, a basis point is 0.01 percentage point.
This is the first time DirecTV has issued corporate bonds says Bloomberg. The company may use some of the proceeds for a $3.5 billion share buyback aimed by the end of the year.
