Boeing raises monster $25 billion in bond offering, rules out federal aid

Boeing on Thursday said it wouldn’t seek federal aid to help it weather the coronavirus pandemic after the aerospace giant secured a whopping $25 billion in a bond offering.

The offering includes seven tranches with maturities that range from three to 40 years, the company said.

“As a result of the response, and pending the closure of this transaction expected Monday, May 4, we do not plan to seek additional funding through the capital markets or the U.S. government options at this time,” it said in a statement.

Boeing last month sought $60 billion in federal aid for itself and its massive supply chain, which includes General Electric and Spirit Aerosystems.