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CM - Chevron issues $8B of bonds, posts 36% higher Q1 net income - May 2020



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Chevron Corp. may be one of the last supermajors to take advantage of the near-zero Fed funds rate so far this year, but it took its place as one of the biggest. The second-largest oil company in the US launched an $8 billion, seven-tranche bond offering through a 13-member syndicate. Since the beginning of the year, the world’s five supermajors have raised more than $38 billion through debt sales, with Exxon Mobil Corp. claiming......
 
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