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Dell Sells $20B of Bonds

Computer maker received more than $80B of bids for the deal, the second-biggest this year.

By Claire Boston, Bloomberg | Updated on May 18, 2016

Investors are sending a clear signal they’re willing to snap up jumbo corporate bond offerings.

Dell Inc. sold $20 billion of bonds to back its takeover of EMC Corp. in the year’s second-biggest corporate offering. The company received investor orders in excess of $80 billion, allowing it to boost the size of the deal from $16 billion and reduce the interest rates, according to data compiled by Bloomberg and a person familiar with the matter.

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