Walt Disney Co. applies for bond offering.Some financial news on local, publicly held companies: Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. Burbank-based Disney last week filed papers with the Securities and Exchange Commission for an offering of $420 million (face amount) worth of 15-year bonds, offering an initial 4 percent yield. Disney is the world's largest theme park operator, and a major movie maker and retailer. The bond yield could increase, based upon the performance of a portion of Disney's network television business. The bonds are of the "zero-coupon" variety, meaning they will not pay interest annually, but accumulate Accumulate Broker/analyst recommendation that could mean slightly different things depending on the broker/analyst. In general, it means to increase the number of shares of a particular security over the near term, but not to liquidate other parts of the portfolio to buy a security to a lump-sum payment at maturation maturation /mat·u·ra·tion/ (mach-u-ra´shun) 1. the process of becoming mature. 2. attainment of emotional and intellectual maturity. 3. . The bonds are sold at a deep discount to face value. Disney expects to net $220 million from the offering, which will be handled by Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , the major brokerage house. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion