Rolls-Royce Lines up Rare Euro Bond as It Seeks War Buffers

Rolls-Royce is planning to sell euro-denominated debt for the first time since 2020 as it seeks to buffer its business against the impact of the Middle East war.

The aerospace and defense supplier has hired banks for a dual-tranche sale of bonds maturing in five and 10 years, according to a person with knowledge of the deal, who asked not to be identified as the information is private. The company will hold investor calls on Monday, with proceeds from the sale to be used for “general corporate purposes.”