I really……really like corporate bonds. Unfortunately the interest has been declining and it is very difficult finding any corporates with good ratings that pay some decent yield.
Constellation Brands is offering a ten year bond that has a 4.25% coupon, is senior unsecured, and matures on May 1, 2023. The $1.05 billion offering of the notes settled on May 14, 2013 and was part of a larger $1.55 billion offering. The CUSIP for the Ba1/BB+ rated notes is 21036PAL2. The 4.25% rate is not that great but offers security and a much higher yield than you can get in CDs and money market accounts. If nothing else, it pays your liquor bills.
“Constellation Brands, which describes itself as the “world’s leading wine company,” was founded in 1945 in Canandaigua, New York. The company has a portfolio of well-known wine, beer, and spirits brands, including Robert Mondavi, Kim Crawford, Clos du Bois, Corona, and Svedka Vodka, among others.”
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I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.