Colgate-Palmolive has raised $500 million in a two part debt offering, The Wall Street Journal reports. The $250 million notes sold in the first tranche carry a coupon rate of 1.25% and are due to mature on May 1, 2014. The $250 million notes sold in the second tranche carry a coupon rate of 2.625% and are due to mature on May 1, 2017.
Citigroup, Deutsche Bank and HSBC served as the active joint bookrunning managers for the three-year notes. Citigroup, Bank of America Merrill Lynch and JP Morgan were the active joint bookrunning managers for the six-year notes.Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.
