Firms Shy Away From Long-Dated Bond Offerings as Costs Rise
Aon Inc. priced $2 billion in notes maturing in 2056 to fund an acquisition. While many firms avoid long-dated bonds due to rising costs, investor demand for Aon’s offering reached seven times the available supply.
When Aon Inc. on Monday priced $2 billion of notes maturing in 2056 as part of a debt package to fund an acquisition, investors rushed to buy it, placing orders more than seven times the size of the offering.
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