33 days ago • Posted by Martin Boujol
Alcoa Corp. is to issue $500 million in bonds
Alcoa Corp will offer $500 million in bonds through its Alcoa Nederland Holding. Proceeds will be used to pay pension plans applicable to salaried and hourly employees and to pay back their Senior Notes due in 2024 at 6.75%. The share price of the company went up 163% in the last 12 months, vs. 29% for the S&P 500.