US: PepsiCo completes $1.25bn placement
PepsiCo said proceeds will be used for general corporate purposes
PepsiCo has completed a US$1.25bn private bond placement in order to refinance debt.
In a filing yesterday (22 August), PepsiCo said that it has completed the placement, which split into senior notes of $500m and $750m set to mature in three and ten years respectively. The notes carry fixed annual interest rates of 0.8% and 3% respectively.
PepsiCo said proceeds from the payment will be used for general corporate purposes. The company last sold bonds in May, when it issued $750m of two-year floating-rate securities and $1bn of five-year notes.
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