Monday, May 21, 2007

CVS to sell year's largest US corporate bond deal

(Reuters) - The largest U.S. drugstore chain by number of stores,
CVS/Caremark is selling debt to help pay down a credit line
used for the merger of CVS and Caremark Rx in March.




Proceeds will also help pay down some commercial paper and
fund share repurchases and other corporate needs, according to
a filing by the company.


Read more at Reuters.com Bonds News

No comments: