Biotech Values

[DewDiligence]

Bond bubble continues—MON sets record low interest rate (3.6%) on 30-year paper:

http://www.reuters.com/article/2012/07/09/newstory-idUSL2E8I9AZ320120709

The global agribusiness company sold $500 million of debt in a two-part deal of 10-year and 30-year notes. The 30-year tranche priced at a record low coupon of 3.60 percent, beating out McDonald's 3.70 percent notes due February 16, 2042, according to Thomson Reuters/IFR low coupon table. McDonald's had held the record since early February, when a barrage of low coupon deals hit the market.