Safeway Inc. Selling $500 Million In Bonds (SWY)

Safeway SWY announced today that it is selling $500 million worth of bonds. These bonds mature in 2020. This is important because Safeway is the first food company to sell bonds since July 2009. Shares of Safeway are trading at $20.26, up 19‎ cents or 0.95%‎ in a fairly flat market.