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5/1, 1:48 AM (Source: TeleTrader)
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Boeing raises $25B in bond offering

Boeing Co said it has managed to raise $25 billion in a bond offering. Seven new bonds with maturities ranging from 2023 to 2060 were sold. The company added it has no plans to seek additional funding from the United States government.

Boeing Chief Financial Officer Greg Smith said that the company has "got good options out there to help for the near term liquidity and give us appropriate cash."

The company said earlier, its revenues dropped 26% year-on-year to $16.9 billion in the quarter ended March 31. The aircraft maker's GAAP loss from operations was $1.3 billion, as it dropped from earnings of $2.3 billion in the same quarter last year.

Boeing shares closed up 1.45% on Thursday at $141.02.

Breaking the News / TF