Retailer QVC (owned by Qurate Retail:QRTEA) has announced a new offering of $25/share baby bonds.
The Senior Secured Notes will have a maturity date way out in 2068.
The notes will trade under the ticker QVCC when they begin to trade.
The company has a 6.375% baby bond already outstanding (QVCD) which can be seen here. While we don’t see a new rating today the QVCD notes are low investment grade (BBB-) per S&P and a below investment grade per Moodys Ba2
Ptrader and If you Prefer were on this on instantly.