• Halliburton (HAL -0.9%) is pushing ahead with plans to sell $7.5B in bonds to finance its $34.6B takeover of Baker Hughes (BHI -1.3%), shrugging off concerns about potential regulatory hurdles.
• HAL says the offering will be issued in five tranches, with a maximum 5% fixed rate for a 30-year note maturing Nov. 15, 2045.
• "They are highly rated and a mega-deal, both of which make them attractive in this environment," says a corporate credit analyst at Janney Montgomery Scott.
• The offering comes shortly after an analyst at Jefferies expressed less confidence in the likelihood that HAL would complete the takeover.