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USA | http://www.bizjournals.com/cincinnati/news/2016/01/25/exclusive-her...
Kroger recently borrowed $1 billion. Moody rated the debt @ Baa2, two notches above junk bonds. Debt was split in three maturity time frames. Int rate of 2% due in 2016, 2.6% due in 2019, 3.5% due in 2026.
Looks pretty cheap with the type of credit rating vs loaning to a farmer @ 5% on yearly variable. With the security lender has in the farmer's assets along with crop insurance as a backstop. | |
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Interest rates on operating notes
