P&G Obtains Record Low 2.3% Coupon on 10-Year Notes Sold Today
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Procter & Gamble Co. obtained a 2.3 percent interest rate on its $1 billion of 10-year notes issued today, a record low for the maturity, according to data compiled by Bloomberg.
P&G also sold $1 billion of floating-rate notes due February 2014 that yield 8 basis points less than the three-month London interbank offered rate, a borrowing benchmark, Bloomberg data show. A basis point is 0.01 percentage point.