Blackstone Private Credit Fund Sells $1 Billion of Bonds (3)

Blackstone Inc.’s flagship private credit fund sold $1 billion of seven-year bonds Wednesday, completing a sale it postponed last week because of administrative delays.

The notes from Blackstone Private Credit Fund yield 1.75 percentage point above Treasuries, according to a person familiar with the matter who asked not to be identified. Price guidance for last week’s seven-year offering was 1.7 percentage point. The deal is $500 million more than what was lined up for last week, signaling strong demand.

The initial effort was shelved after delays in getting regulatory approval from the US Securities and Exchange Commission ...