Nestle Borrows More Cheaply Than France Amid Haven Appetite

Nestle SA, the world’s largest food manufacturer, is so in demand by debt investors that it’s able to borrow more cheaply than France.

Nestle sold 500 million euros ($610 million) of bonds due July 2019 at a yield of 1.56 percent, according to data compiled by Bloomberg. That’s lower than the 1.58 percent yield on France’s benchmark seven-year bond, on a day when some of the nation’s other rates dropped to records as investors sought the safest securities.