Why Boeing Stock Slumped Today
Shares of Boeing (NYSE: BA) were down Friday after the troubled airplane manufacturer said that it did not plan to seek additional funding through the capital markets or the U.S. government following a $25 billion bond offering expected to close on May 4. The stock was down 5.5% at market close.
In a filing with the Securities and Exchange Commission, Boeing laid out the details of its massive bond offering. Senior notes with 7 different maturities will be sold, ranging from 2023 to 2060. The notes maturing in 2023 will carry a coupon rate of 4.508%, while the notes maturing in 2060 come with a coupon rate of 5.93%.
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Source Fool.com
