FedEx Sells 3 Billion Euros of Bonds in First Non-Dollar Issue

  • Four-part sale to help fund planned TNT Express acquisition
  • Euro borrowing costs fall to 10-month low for foreign issuers

FedEx Corp. sold 3 billion euros ($3.4 billion) of bonds in its first non-dollar sale, taking advantage of the lowest borrowing costs in 10 months for foreign issuers.

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