SUBSCRIBERS

Netflix sells US$1.6b of junk bonds to fund more shows

Wed, Oct 25, 2017 - 5:50 AM

Earnings growth should outpace that of debt as Netflix makes the transition to original content such as its hit series Stranger Things.

New York

NETFLIX Inc sold US$1.6 billion of bonds, its largest-ever US dollar-denominated sale, to help it develop and produce new hit series such as Stranger Things.

The 10.5-year junk-rated notes, which cannot be bought back, yield 4.875 per cent, within the range of initial talk...

To continue reading

for full content

if you are a subscriber

Get our introductory offer at only

$0 .99*/month

Cancel anytime

*$0.99/month for first 3 months

$29.90/month for the next 9 months

Need help?

CALL +65 6388 3838 EMAIL btocs@sph.com.sg

OPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PM

Register to read this article. Log in if you are already a subscriber. Register to read this article. Log in if you are already a subscriber. Please log in or subscribe to continue reading.