Sears completes sale of $600 million in securities
March 12, 2001,
Sears, Roebuck and Co., the nation's second-largest retailer, has completed the sale of $600 million of AAA-rated credit card-backed securities.
Lead underwriter for the offering was Deutsche Banc Alex. Brown, with co-managers including Credit Suisse First Boston, Merrill Lynch & Co., Morgan Stanley Dean Witter and J.P. Morgan Chase.