Coca-Cola Sells $4.5 Billion of Debt With Record Low 3-Yr Notes

Coca-Cola Co., the world’s largest soft-drink maker, sold $4.5 billion of bonds in its biggest offering, including three-year notes that share the lowest coupon on record for that maturity, according to a person familiar with the transaction.

The company issued $1.25 billion of 0.75 percent, 3-year notes that yield 32 basis points more than similar-maturity Treasuries and $1.25 billion of 18-month floating rate notes that yield 5 basis points more than the three-month London interbank offered rate, said the person, who declined to be identified citing lack of authorization to speak publicly on the offering.