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

Coca-Cola Sells $2.5 Billion With First Debt in About a Year

Coca-Cola Co., the world’s largest soft-drink maker, sold $2.5 billion of bonds in its first offering in almost a year.

The producer of Sprite and Dasani water issued $500 million of floating-rate debt maturing in two years to yield 2 basis points less than the three-month London interbank offered rate, according to data compiled by Bloomberg. It also sold $1.25 billion of 1.15 percent, five year-debt to yield 45 basis points more than similar-maturity Treasuries and $750 million of 2.5 percent, 10-year bonds at a relative yield of 67 basis points.

The bonds are rated Aa3 by Moody’s Investors Service, AA-by Standard & Poor’s and A+ by Fitch Ratings, the ratings companies said today in separate statements.

Proceeds will be used to redeem all of the company’s 5 percent notes due in August, 7.375 percent securities maturing in 2014 and 4.25 percent debentures due 2015, as well as for general corporate purposes, the Atlanta-based beverages maker said today in a regulatory filing.

The sale follows a $2.5 billion issue from PepsiCo Inc. on Feb. 25, in which the world’s largest snack-food maker sold $1.25 billion of 10-year debt yielding 2.76 percent, 21 basis points above the 2.55 percent yield on Coca-Cola’s April 2023 debt issued today, Bloomberg data show. Moody’s rates the PepsiCo bond Aa3, the same as the Coca-Cola issue. S&P grades PepsiCo’s securities at A-, or three levels lower.

Prior Sale

Coca-Cola previously sold debt in March 2012, issuing $1 billion each of two-year floaters to yield 5 basis points less than Libor and 0.75 percent, three-year securities to yield 35 basis points more than similar-maturity Treasuries, Bloomberg data show.

The bonds due in March 2015 traded at 100.8 cents on the dollar to yield 0.36 percent, or a 12.2 basis-point spread, yesterday, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

BNP Paribas SA, Citigroup Inc., Credit Suisse Group AG and Morgan Stanley managed today’s offering, Bloomberg data show.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.