McDonald's Corp. is seeking to raise $2 billion of debt through a bond offering, according to a prospectus filed Aug. 7.
The U.S. fast-food giant is offering $1 billion of 2.625% senior unsecured fixed rate notes due 2029 and another $1 billion of 3.625% senior unsecured fixed rate notes due 2049.
The coupon rate on the two series of notes will be paid every March 1 and Sept. 1 of each year, starting March 1, 2020.
BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., SG Americas Securities LLC, Goldman Sachs & Co. LLC, SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are all serving as joint book runners for the offering.
The notes were rated BBB+ by S&P Global Ratings and Baa1 by Moody's.