Target sells six-year notes

Staff -- Home Textiles Today, 3/30/2001 12:00:00 AM

Target Corp., the Minneapolis-based retail giant, has sold $500 million in six-year notes, said Merrill Lynch & Co, joint-lead manager of the debt offering.

The notes carry an interest rate of 5.5 percent, with a yield of 5.59 percent, paid semi-annually. The retailer's debt is rated A2 by Moody's Investors Service and Single-A by Standard & Poor's.