Domino’s Raises $1.32 Billion in ABS Sale to Refinance Debt

Domino’s Pizza Inc. sold $1.32 billion of bonds backed by most of its assets to refinance its debt.

The pizza chain offered a two-part fixed-rate bond, with each tranche about $500 million. One of the portions, with a weighted average life of 6.7 years, sold at a yield of 5.251% or 1.25 percentage point more than benchmark rates.