Cincinnati Business Courier reports that P & G to sell $1 B of notes. This relates to our class discussion on bonds.

The notes are expected to be split between five- and 12-year maturities. Goldman Sachs, JP Morgan and Merrill Lynch are managing the sale, Reuters reported. The notes will be rated "Aa3" by Moody's, a rating that indicates a high-quality investment. Standard & Poor's is expected to rate the notes "AA-," which also is a high-quality rating.