Target sells six-year notes
March 30, 2001-- Home Textiles Today,
Target Corp., the Minneapolis-based retail giant, has sold $500 million in six-year notes, said Merrill Lynch & Co, joint-lead manager of the debt offering.
The notes carry an interest rate of 5.5 percent, with a yield of 5.59 percent, paid semi-annually. The retailer's debt is rated A2 by Moody's Investors Service and Single-A by Standard & Poor's.