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Post# of 111475
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DewDiligence

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DewDiligence

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Re: Elroy Jetson post# 106082

Thursday, 05/18/2023 3:48:20 PM

Thursday, May 18, 2023 3:48:20 PM

Post# of 111475
PFE’s $31B debt offering has eight tranches with almost-flat interest rates for the 2-year through 10-year tranches:

https://www.businesswire.com/news/home/20230516005960/en/

• $3B of 2-yr notes @4.65%

• $3B of 3-yr notes @4.45%

• $4B of 5-yr notes @4.45%

• $3B of 7-yr notes @4.65%

• $5B of 10-yr notes @4.75%

• $3B of 20-yr notes @5.11%

• $6B of 30-yr notes @5.30%

• $4B of 40-yr(!) notes @5.34%

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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