Fidelity [profile] just issued new debt for the first time in more than two years.

Christopher Condon of Bloomberg reports that the Boston-based mutual fund titan just sold $400 million in 20-year bonds and $300 million in 30-year bonds, paying 4.95 percent and 5.15 percent interest, respectively.

A spokesman for the Boston Behemoth told the wire service that the money will go towards general corporate purposes, including reinvestment and possible acquisitions. He confirmed that Fidelity last issued debt in 2010. 

Edited by: Neil Anderson, Managing Editor


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