Aon Prices $2 Billion Notes Maturing in 2056 Amid Rising Costs
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
When Aon Inc. on Monday priced $2 billion of notes maturing in 2056 as part of a debt package to fund an acquisition, investors rushed to buy it, placing orders more than seven times the size of the offering.
This strong demand comes as firms are increasingly shying away from long-dated bond offerings due to rising costs associated with U.S. yields.
Aon
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“When Aon Inc. on Monday priced $2 billion of notes maturing in 2056 as part of a debt package to fund an acquisition, investors rushed to buy it, placing orders more than seven times the size of the offering.”
Bloomberg — Firms Shy Away From Long-Dated Bond Offerings as Costs Rise