John Deere Capital has issued debt worth $850 million, The Wall Street Journal reports. 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, HSBC and JP Morgan are the joint bookrunning managers for the sale.
Click here for the story from The Wall Street Journal.
Click here for the additional coverage from Reuters.
