3M Company (MMM): 3M issues $1.75B of 5/10/20yr notes payi...

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Friday, 03/27/2020 3:55:15 PM

Friday, March 27, 2020 3:55:15 PM

3M issues $1.75B of 5/10/20yr notes paying 2.65%, 3.065%, and 3.70%, respectively (coupon rates, not YTM):

https://www.sec.gov/Archives/edgar/data/66740/000104746920001817/a2241151z424b5.htm

As a cyclical company, 3M is paying higher interest rates than (e.g.) PFE and SNY.

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