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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Wong who wrote (2131)6/4/1999 1:37:00 PM
From: Dan Spillane  Read Replies (1) | Respond to of 2539
 
Online: Dan Spillane vs. Charles Margulis, Greenpeace Genetic Engineering Campaign. Join in!

straightdope.com



To: Anthony Wong who wrote (2131)6/4/1999 8:07:00 PM
From: Anthony Wong  Respond to of 2539
 
Monsanto ups $2.5 billion debt issue interest rate

Friday June 4, 6:56 pm Eastern Time

ST. LOUIS, Mo, June 4 (Reuters) - Monsanto Co.
(NYSE:MTC - news) said Friday it will increase by 25 basis
points the interest rate on $2.5 billion of senior unsecured debt
issued in a private placement last year following a registration
delay.

The life sciences company said the debt securities were to be registered with the Securities and Exchange Commission by June 7. The higher rate will be paid from June 8 until the SEC declares the registration effective.

Monsanto said it is currently in discussions with the SEC. It is one of roughly 150 companies originally contacted by the commission about certain accounting issues.

A spokeswoman was not immediately available to provide further details.