08:43 AM EDT, 08/20/2024 (MT Newswires) -- Kroger ( KR ) is kicking off a bond sale that could come in seven parts and raise around $10 billion to help fund its acquisition of Albertsons ( ACI ) , Bloomberg reported Tuesday, citing a person with knowledge of the matter.

The longest portion of the sale is a 40-year security that may yield around 1.9 percentage points over Treasuries, Bloomberg reported, citing the source. Its size will be set later on Tuesday before the deal is priced, according to the report.

Kroger ( KR ) agreed to buy Albertsons ( ACI ) in October 2022 in a deal initially valued at $24.6 billion, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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