Boeing issues £1.4bn notes offering

On February 23, 2018, Boeing issued $1.4bn of senior notes in four tranches, comprising: $350 million five-year notes with a coupon of 2.800% per annum; $350 million ten-year notes paying 3.250% per annum; $350 million 3.550% 20-year notes; and $350 million 30-year paper paying 3.625%. The notes are unsecured and have the same rank as Boeing’s other unsecured and unsubordinated debt. Proceeds will be used for general corporate purposes, but Fitch believes this issuance could be considered a refinancing of debt maturing later in this year since Boeing’s consolidated debt at the end of 2017 included $1.3 billion of short-term