Bacardi has raised a total of $300 million in a note sale, Reuters reports. The bonds issued by the Bermuda-based spirits maker, which carry a coupon rate of 4.5%, will mature on Jan. 15, 2021.
The senior unsecured notes were priced to spread a yield of 115 basis points. The joint book-running managers for the sale were Barclays, Bank of America Merrill Lynch and Citi.
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