EBay Plans $1.5B Notes Offering

Law360, New York (October 21, 2010, 4:50 PM EDT) -- EBay Inc. is proposing a three-part sale of up to $1.5 billion in the online auction company’s senior unsecured notes.

The San Jose, Calif.-based company plans to issue the notes with a combination of three-year, five-year and 10-year maturities, and the offering marks the company’s first public debt issuance, according to a Fitch Ratings announcement Thursday.

The $400 million three-year tranche was launched at a risk premium of 42 basis points, the five-year tranche at 57 basis points and the 10-year tranche at 77 basis points...
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