Home Depot Gets $47 Billion in Orders for $10 Billion Bond Sale

Home Depot Inc. sold $10 billion worth of bonds in the US investment-grade market to help finance its acquisition of building-products distributor SRS Distribution Inc.

The world’s largest home improvement retailer garnered as many as $47 billion in orders for the nine-part deal, according to Bloomberg’s Brian Smith. The longest portion of the offering, a 40-year security, yields 110 basis points above Treasuries, after initial discussions of around 137.5 basis points, according to a person with knowledge of the transaction, who asked not to be identified as the details are private.

The transaction is among the largest jumbo ...