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It also announced plans to raise $1.5 billion in a private sale of notes that will be convertible to stock.
The planned sale of notes is part of EMI's strategy to lengthen the maturity of its debt and diversify its sources, the company said.
It also raised the anticipated per-share price for Constar's initial public offering to $15 to $18, from $12 to $15. Crown Cork expects the offering and sale of notes to begin next week.
Later in the day, Lucent moved to shore up its shaky finances, announcing plans to raise $1.5 billion in a private sale of notes that will be convertible to stock.
The Treasury's schedule of financings this week includes today's regular weekly auction of three- and six-month bills and a quarterly sale of notes and bonds that includes a five-year note being auctioned on Tuesday, a 10-year note on Wednesday and 30-year bond on Thursday.
Illinois, which sold $3.47 billion in securities so it could make its required contribution to pension funds this year, is laying plans to sell at least $4.6 billion more to meet its obligations for fiscal 2011 — a move that is likely to jolt financial markets and many investors who thought years would pass before the state tried another sale of notes to cover its pension costs.
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(He seeks to supplement his modest Social Security benefit with money from the occasional sale of note cards he produced from photographs of the trips he took when he still could afford them).
Among their sales of note was a Beverly Hills home purchased by Steve Martin in 1995 for $3 million.
A couple sales of note this week reminded us of another celeb-magnet in the Valley: Studio City.
"Travelex takes many steps to avoid the purchase or sale of counterfeit notes in our stores," including obtaining currencies only from well-known suppliers and physically inspecting notes carefully, said Maria Brusilovsky, a spokeswoman.
Their first online auction involved the sale of promissory notes issued by a Korean bank, but sold out of the trading portfolio of Bank Austria Creditanstalt International.
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