Deere raises $1.25 billion in sale of debt due in 2019, 2029

Deere & Co., the world's largest maker of agricultural machinery, sold $1.25 billion of bonds in a two-part offering split between securities due in 2019 and 2029, according to data compiled by Bloomberg.

The $750 million of 10-year securities priced to yield 4.443 percent, or 110 basis points more than similar-maturity Treasuries, and the $500 million of 20-year bonds priced to yield 5.394 percent, or a spread of 120 basis points, Bloomberg data show. A basis point is 0.01 percentage point.

The Moline-based company hired Citigroup Inc., Deutsche Bank AG and JPMorgan Chase & Co. to underwrite the transaction.