Market Chatter: PepsiCo Raises $1.12 Billion in European Bond Market

MT Newswires Live10-09

PepsiCo (PEP) launched a 1 billion-euro ($1.12 billion) bond sale in Europe, Bloomberg reported Friday, citing unnamed sources.

The offering is split into 500 million euros in three-year and nine-year tranches.

The three-year bonds are initially being marketed at around 60 basis points above mid-swaps, while the nine-year bonds are being marketed at around 105 basis points above mid-swaps, according to the report.

PepsiCo did not immediately respond to MT Newswires' request 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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