McD reported to be planning $1B debt sale

OAK BROOK Ill. McDonald’s Corp. may sell up to $1 billion in debt, according to a Reuters item on Monday that cited an unnamed “market source familiar with the sale.”

The offering, which would include two-part sale, is expected to include 10-year notes and 30-year bonds, the report said. The joint lead managers on the sale are Citigroup Group Global Markets and Morgan Stanley, Reuters reported.

On Friday, McDonald’s reported a surge in third-quarter same-store sales and an estimated per-share profit that beat Wall Street estimates, but the company did not reveal plans related to a debt offering.