Marathon Petroleum Sells $3 Billion of Debt in 3 Parts

Marathon Petroleum Corp. sold $3 billion of debt in three parts, the largest non-financial U.S. offering in almost three months, as it prepares to be spun off from Marathon Oil Corp.
The company’s $750 million of five-year securities pay 155 basis points more than similar-maturity Treasuries. The $1 billion of 10-year notes yield 175 basis points more than benchmarks and the $1.25 billion of 30-year bonds pay a 200 basis-point spread, the data show. A basis point is 0.01 percentage point.
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Source: Bloomberg