Boeing raises $25 billion in blowout debt sale, eschews government aid

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(Reuters) – Boeing Co (BA.N) raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which it said helped the company avoid taking government aid during the coronavirus-induced travel downturn.

FILE PHOTO: A worker wears a mask at the Boeing Renton Factory, where 737 MAX airliners are manufactured, as commercial airplane production resumes following a suspension of operations last month in response to the coronavirus pandemic as efforts continue to help slow the spread of the coronavirus disease (COVID-19) in Renton, Washington, U.S. April 21, 2020. REUTERS/Jason Redmond/File Photo

Boeing’s capital raise, first

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Boeing raises $25 billion in blowout debt sale

spike

(Reuters) – Boeing Co (BA.N) raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which is shoring up its finances during the coronavirus-induced travel downturn.

FILE PHOTO: A Boeing logo is seen at the company’s facility in Everett after it was announced that their 777X model will make its first test flight later in the week in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson

Boeing’s capital raise, first reported by Reuters earlier this week, is the sixth-largest investment-grade bond offering of all time and the biggest year-to-date, according to Refinitiv data.

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