Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Global Economics

Less Than LIBOR

The world’s largest soft-drink maker, which has been mixing its proprietary syrup with carbonated water since 1886, became the third borrower in the last five years to sell long-term debt below the London interbank offered rate when it issued $2.75 billion of bonds on March 9, according to data compiled by Bloomberg. The offering included $1 billion of two-year notes that pay interest at 5 basis points less than Libor.

–Faux & Maeshwari, Coca-Cola Breaks Libor Floor in Bond Offering, Bloomberg News, 12 March 2012.

Did Greece exist in 1886? Or, 886 BC?

KO is not Greece. And, neither is most of the known developed world.

Amid the gloom and mystery of euro-incompetence, we must remember the non-sclerotic reality.

Life goes on.

The American CFO will turn to the American CEO and suggest they save in the vicinity of 65 basis points by putting a square peg in a round hole.

Big corporations are living large. Greece? And for that matter, we mere mortals?

We, Americans, are nowhere near LIBOR. We are placing a round peg in a square hole. (And, 2r decidedly does not equal s.)


Portugal beckons. Worry abounds. Some how, some way to our benefit, KO and its shareholders, and for that matter the rest of corporate America, will trickle down. They are less than LIBOR. Discuss.

Keene hosts Bloomberg Surveillance 7-10 a.m. ET on 1130 AM in the New York metro area and nationally on SiriusXM 113.
More News: Greece Coca-Cola libor

blog comments powered by Disqus