Caterpillar Inks 50-Year Bonds In $2B Holdco Deal

Amid a swoon in long-dated corporate bond supply this year, Caterpillar today placed $2 billion of new debt across three long-dated tranches, after adding a rare 50-year issue to the offering over the course of today's marketing period. The heavy-equipment maker inked 3.4% 10-year notes at T+80, 4.3% 30-year bonds at T+95, and 4.75% 50-year bonds at T+137.5.