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Nestle Snaps 28-Year Loonie Hiatus With C$2 Billion Bond Sale

  • Food manufacturing giant priced debt maturing in 7 years
  • Corporate Maple bond issuance has reached a record in 2021
Nestle SA sold its first corporate bond in Canadian dollars since 1993. 

Nestle SA sold its first corporate bond in Canadian dollars since 1993. 

Photographer: Hollie Adams/Bloomberg
Updated on

Nestle SA sold its first corporate bond in Canadian dollars since 1993. 

The Vevey, Switzerland-based company issued C$2 billion ($1.6 billion) of bonds maturing in January 2029, according to people with knowledge of the transaction. The offering was priced to yield 70 basis points over the Canadian dollar yield curve after earlier discussions in the range of 70 basis points to 72 basis points, the people said.