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Starbucks Serves Up $1B of Bonds

Issuance will help finance company's buyback plan.

By Molly Smith, Bloomberg | Updated on November 21, 2017

Starbucks Corp. sold $1 billion of bonds to help finance its plan to pay out more money to shareholders.

The world’s biggest coffee chain offered bonds in two parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, yields 97 basis points more than Treasuries, down from initial talk of between 1.20 percentage points and 1.25 percentage points, said the person, who asked not to be identified as the deal is private.

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