Update: Market Chatter: Mondelez International Taps Swiss Franc Bond Market

MT Newswires Live03-26

(Updates with Deutsche Bank's response in the fourth paragraph.)

Mondelez International (MDLZ) is selling a three-part Swiss franc bond across maturities in 2029, 2032 and 2036, tapping that market for the first time, Bloomberg News reported Wednesday, citing a person familiar with the matter.

Goldman Sachs (GS), Deutsche Bank (DB), BNP Paribas, and Commerzbank are managing the offering, which was expected to price later Wednesday, according to the report.

Mondelez plans to use the proceeds to repay debt and for general corporate purposes, Bloomberg reported.

Deutsche Bank and Commerzbank declined to comment, while Mondelez, Goldman, and BNP didn't respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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