By Shankar Ramakrishnan
April 8 (Reuters) - Paychex ( PAYX ) announced the sale
of a three-part bond on Tuesday, the first corporate bond
offering to be launched since primary markets dried up after
Trump imposed sweeping tariffs on U.S. imports last Wednesday.
Paychex ( PAYX ), a provider of human resources, employee benefit and
payroll services, is using the bond to pay for its $4.1 billion
acquisition of Paycor HCM ( PYCR ), announced in January.
Paychex ( PAYX ) is selling bonds with maturities of five, seven and
10 years. The decision to launch the bonds came against the
relatively amenable backdrop of a rebound in stocks, said one
syndicate banker.