International Business Machines Corp. is planning to sell itssecond U.S. dollar-denominated debt offering this year, as yieldsin the corporate bond market reach record lows.
IBM may sell three-year notes at a relative yield of about 45 to47 basis points more than similar-maturity Treasuries, andseven-year bonds in the 70 basis points area, said a personfamiliar with the offering who declined to be identified becauseterms aren't set. A basis point is 0.01 percentage point.
In February, when IBM last issued dollar-denominated debt, itgot a record-low coupon on three-year notes, selling $1.5 billionof 0.55 percent securities, at 42 basis points more thanTreasuries, according to data compiled by Bloomberg.
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