{"id":13333,"date":"2023-05-24T20:04:19","date_gmt":"2023-05-25T00:04:19","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/lockheed-martin-is-latest-u-s-issuer-to-tap-corporate-bond-market-ahead-of-potential-debt-ceiling-turmoil\/"},"modified":"2023-05-24T20:04:22","modified_gmt":"2023-05-25T00:04:22","slug":"lockheed-martin-is-latest-u-s-issuer-to-tap-corporate-bond-market-ahead-of-potential-debt-ceiling-turmoil","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=13333","title":{"rendered":"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil"},"content":{"rendered":"
\n

Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling fight, with a $2 billion offering that priced on Wednesday.<\/p>\n

The deal has boosted Lockheed\u2019s
\n LMT,
\n +0.02%<\/bg-quote>
\n debt load to close to $20 billion and elevated it well above its rivals in the defense space.<\/p>\n

\n

As this chart from data provider BondCliQ shows, Lockheed\u2019s debt far exceeds that of its three main competitors: General Dynamics Corp.
\n GD,
\n -0.20%<\/bg-quote>,<\/span>
\n Northrop Grumman Corp.
\n NOC,
\n -0.36%<\/bg-quote>
\n and Raytheon Technologies Corp.
\n RTX,
\n -0.45%<\/bg-quote>.<\/span>\n <\/p>\n

<\/p>\n
<\/p>\n
<\/div>\n<\/figure><\/div>\n

Lockheed offered $500 million worth of 4.45% five-year bonds, $850 million worth of 4.75% 10-year bonds and $650 million worth of 5.20% 30-year bonds.<\/p>\n

The new notes were trading around where they priced in a down market on Thursday, according to BondCliQ. <\/p>\n

Lockheed joins a slew of issuers that have hit the market in recent weeks, eager to avoid any fallout from the debt-ceiling standoff, which continued on Wednesday.<\/p>\n

Pfizer Inc. secured $31 billion in financing on May 16 via an eight-tranche bond deal that is the fourth-largest on record for the U.S. investment-grade corporate-bond market, according to data from Informa Global Markets.<\/p>\n

The money is earmarked for the company\u2019s roughly $43 billion acquisition of Seagen, a biotech focused on creating therapies to treat cancer, according to\u00a0public documents tied to the financing.<\/p>\n

Last week, Charles Schwab Corp. issued $2.5 billion in investment-grade bonds, split between a six-year and 10-year tranche.<\/p>\n

U.S. Treasury Secretary Janet Yellen expressed concerns Wednesday about how financial markets are getting hit by debt-limit angst and also said it\u2019s \u201calmost certain\u201d that the federal government won\u2019t be able to meet all of its obligations in early June if Congress doesn\u2019t raise the ceiling for borrowing, as MarketWatch\u2019s Victor Reklaitis reported.<\/p>\n

She added that she aims to provide a fresh update on the debt-limit deadline \u201cpretty soon.\u201d<\/p>\n

\u201cI will plan to update Congress shortly and try to increase the level of precision,\u201d Yellen said, as she responded to questions about the debt-ceiling standoff during the Wall Street Journal\u2019s CEO Council Summit.<\/p>\n

Read also: <\/strong>U.S. taxpayers are paying for yet another manufactured debt-ceiling crisis \u2014 and not for the last time<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling fight, with a $2 billion offering that priced on Wednesday. The deal has boosted Lockheed\u2019s LMT, +0.02% debt load to close to $20 billion and elevated it well above its rivals in […]<\/p>\n","protected":false},"author":1,"featured_media":13334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-13333","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nLockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=13333\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=13333\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-25T00:04:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-25T00:04:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684973061_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=13333#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=13333\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil\",\"datePublished\":\"2023-05-25T00:04:19+00:00\",\"dateModified\":\"2023-05-25T00:04:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=13333\"},\"wordCount\":385,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=13333#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=13333\",\"url\":\"https:\/\/ifintechworld.com\/?p=13333\",\"name\":\"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-25T00:04:19+00:00\",\"dateModified\":\"2023-05-25T00:04:22+00:00\",\"description\":\"Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=13333#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=13333\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=13333#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil | iFintechWorld","description":"Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=13333","og_locale":"en_US","og_type":"article","og_title":"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil | iFintechWorld","og_description":"Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling","og_url":"https:\/\/ifintechworld.com\/?p=13333","og_site_name":"iFintechWorld","article_published_time":"2023-05-25T00:04:19+00:00","article_modified_time":"2023-05-25T00:04:22+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684973061_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=13333#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=13333"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil","datePublished":"2023-05-25T00:04:19+00:00","dateModified":"2023-05-25T00:04:22+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=13333"},"wordCount":385,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=13333#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=13333","url":"https:\/\/ifintechworld.com\/?p=13333","name":"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-25T00:04:19+00:00","dateModified":"2023-05-25T00:04:22+00:00","description":"Lockheed Martin Corp. became the latest U.S. issuer to tap the corporate-bond market ahead of any potential market fallout from the U.S. debt-ceiling","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=13333#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=13333"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=13333#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Lockheed Martin is latest U.S. issuer to tap corporate-bond market ahead of potential debt-ceiling turmoil"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/13333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13333"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/13333\/revisions"}],"predecessor-version":[{"id":13335,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/13333\/revisions\/13335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/13334"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}