BREAKING: FedEx Freight is selling investment-grade dollar bonds. This signals an imminent spinoff from FedEx Corp. The spinoff is planned for June.
The bond sale includes notes maturing in three to ten years. The longest-tenor note is priced around 1.4 percentage points above Treasuries.
FedEx Freight Holding Co. is marketing the offering. This is its first investment-grade dollar bond sale.
The four-part offering was launched Tuesday. Further details are expected soon.
This is a developing story.
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