Owens-Illinois Inc. priced its $1 billion debentures offering yesterday at a slightly higher yield than expected, according to Brian Bogart, a high-yield analyst at Duff & Phelps/MCM Investment Research Co.

"I think it's attractive for buyers," Mr. Bogart said. "We would recommend purchasing at that yield." The 12-year debentures were priced at par.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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