OAK BROOK Ill. McDonald’s Corp. may sell up to $1 billion in debt, according to a Reuters item on Monday that cited an unnamed “market source familiar with the sale.”
The offering, which would include two-part sale, is expected to include 10-year notes and 30-year bonds, the report said. The joint lead managers on the sale are Citigroup Group Global Markets and Morgan Stanley, Reuters reported.
On Friday, McDonald’s reported a surge in third-quarter same-store sales and an estimated per-share profit that beat Wall Street estimates, but the company did not reveal plans related to a debt offering.
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