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Short Take: IBM issues $700 million in debentures

IBM has issued $700 million in debentures, according to lead manager Merrill Lynch. The offering for the 30-year debt was increased to $700 million from an original size of $600 million, Merrill added. Debentures are common types of bonds issued by large corporations.

IBM has issued $700 million in debentures, according to lead manager Merrill Lynch. The offering for the 30-year debt was increased to $700 million from an original size of $600 million, Merrill added. Debentures are common types of bonds issued by large corporations.