MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 30, 2013 Ned and Abby Raise $700MM 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. Printed from: MFWire.com/story.asp?s=42847 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |