IBM Corp. is expected to price a two-part $1.5 billion offering this week, high-grade bond sources said yesterday.

The offering, expected to be done through Morgan Stanley & Co., is said to consist of a $1 billion seven-year piece and a $500 million 20-year portion. Both are expected to be noncallable. Comment on the offering could not be obtained from Morgan Stanley.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.