Electronic Data Systems Corp, the World’s number two IT services and system integration firm, is to sell $1.5bn of debt in three tranches next week, insiders told the Bloomberg financial news service last night. The bonds are expected to range in maturities (when buyers can redeem their outlay on the bonds) from a few years to long-term, spanning a decade or more. Plano, Texas-based EDS announced, officially, yesterday, an eight-year extension to its outsourcing contract with Continental Airlines worth $1.5bn. EDS will handle inter-airline electronic ticketing and check-in processing among amendments to the contract first kicked off in 1991.
