Replies to post #14621 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Philter1972]

Amazon Raised 10 Billion....

The last time the e-commerce giant tapped bond markets it issued a three-year bond at an interest rate of 1.9% in 2017, the FT said. At the time it was raising money to fund its purchase of Whole Foods.

[Hole shot King]

Amazon raised $10 billion in the bond markets, including $1 billion of debt yielding just 0.4% — reportedly the lowest rate in the history of US corporate bonds

https://markets.businessinsider.com/news/stocks/amazon-raised-10-billion-through-record-low-borrowing-costs-2020-6-1029272938

[Jamieh50]

As a few of us were discussing on another board....When Amazon acquired Whole Foods they raised $16 billion in bonds to buy Whole Foods for $13.7 billion. That calculates to 85% of the amount raised being used for the acquisition. That 85% calculation when used on the recent $10 billion raised would be in the ballpark of the numbers being thrown out on the value of JCP.
Common sense tells me this is all more than coincidence. Something is brewing here.