They say timing is everything.
That was especially true for Comcast Corp., which managed tosave nearly $28 million in annual interest payments by pricingits $27 billion bond sale on Tuesday instead ofWednesday. By beating the backup in rates, the U.S. cable giantpriced the second-largest bond offering of the year with minimalconcessions to help fund its $39 billion acquisition of SkyPlc.
“Whether it was lucky or not, they knew they needed the moneyand the window was open,” said Matt Brill, a senior portfoliomanager at Invesco Ltd. “There's no doubt that doing this sale onTuesday versus Wednesday or even Thursday materially saved thecompany money.”
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