Boeing raising US$25 bil in bonds, not seeking US govt funds now

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The aviation giant has been badly hit by the impact of shutdowns on global airlines. FMTNews Boeing

NEW YORK: Boeing said Thursday it does not plan to seek US government support now after receiving strong interest from the bond market for a US$25 billion public offering.

The offering includes seven tranches of bonds expiring between 2023 and 2060. A securities filing Thursday did not list interest rates for the notes. It is part of an unprecedented series of measures from Washington to support the US economy as unemployment spikes in the wake of the virus outbreak.

 

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