Kroger plans to raise $1 billion through bond offerings

CINCINNATI — Following its announcement to acquire Harris Teeter Supermarkets in a deal valued at $2.5 billion made earlier this month Kroger plans to raise $1 billion through the issuance of two bonds, the Cincinnati Business Courier reported Friday.

Kroger said in its Thursday filing it plans to issue $600 million in 10-year notes that pay a 3.85% annual interest rate. It also plans to issue $400 million in 30-year notes that pay 5.15%.

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