Less Than LIBORBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The U.S. Drops Out of the Top 10 in Innovation Ranking
- Musk's New Pay Deal Could Make Him the World's Richest Man—If Tesla Succeeds
- Here’s What Trump’s Tariffs on U.S. Imports Are Doing to Markets
- Bitcoin May Split 50 Times in 2018 as Forking Craze Mounts
- Trump's Tariffs on Solar Mark Biggest Blow to Renewables Yet