Replies to post #21477 on The Rising Influence of Rising Affluence

[DewDiligence]

PHG issues €1B of 5- and 10-year notes @1.47% and 2.09%, respectively (on a YTM basis):

https://www.globenewswire.com/news-release/2020/03/25/2006443/0/en/Philips-successfully-prices-offering-of-Notes-for-EUR-1-billion.html

Investors consider PHG is a weaker a credit than SNY, based on the interest rates for the two companies’ comparable-duration bonds (#msg-154543404). This makes sense insofar as PHG’s business is more cyclical.

[DewDiligence]

PFE issues $1.25B of 10-yr notes paying 2.665% (YTM):

https://www.sec.gov/Archives/edgar/data/78003/000093041320000899/c95501_fwp.htm

Note how much higher the interest rate is on PFE's (USD-denominated) notes than on SNY's (Euro-denominated) notes.