Review the following Wall Street Journal Article entitled, \"Bonds, Buybacks, an
ID: 2628113 • Letter: R
Question
Review the following Wall Street Journal Article entitled, "Bonds, Buybacks, and Bed Bath & Beyond" by Mike Cherney located at http://blogs.wsj.com/moneybeat/2014/07/14/bonds-buybacks-and-bed-bath-beyond/. Write a 2 page paper reviewing this article. Include the: title, author's name, and date of the publication 2. Describe the author's purpose 3. Provide a summary of the article 4. Create 2 questions that arise when reading the article. Also, include citations and format this paper using APA guidelines for Research Papers.
Explanation / Answer
Bed Bath & Beyond Sells $1.5 Billion of Bonds for Buyback
Bed Bath & Beyond Inc. (BBBY), the owner of Buybuy Baby in addition to its flagship chain, sold $1.5 billion of bonds in a three-part deal to fund share repurchases.
The offering included $900 million of 5.165 percent notes due 2044 that yield 180 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. It also consisted of $300 million each of 4.915 percent bonds due 2034 and 3.749 percent securities due 2024.
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