 Netflix Inc. said Monday it plans to raise $2 billion through the offering of U.S. dollar- and euro-denominated bonds to qualified institutional buyers. The streaming video service said the interest rate and maturity of the bonds will be determined later, after negotiations with initial purchasers. The company plans to use the proceeds from the offering for general corporate purposes. Netflix's long-term credit rating at Moody's is Ba3, which is considered speculative, or 'junk.' Netflix's stock edged up 0.6% in premarket trade. It has lost 7.9% over the past three months, while the technology friendly Nasdaq 100 has slipped 3.3% and the S&P 500 has eased 1.2%.
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