Caterpillar Financial has raised $1 billion in a sale of notes in three parts, Reuters reports. The financing unit of construction and mining equipment maker, Caterpillar, appointed Citi and Goldman Sachs as the joint bookrunning managers for the deal. The $300 million notes sold in the first tranche and $250 million notes sold in the second part are due to mature on April 1, 2014. The $450 million notes sold in the third tranche carry a coupon rate of 2.65% and are due to mature on April 1, 2016.
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