International Paper $2 billion notes issue

Overview:

• International Paper issued $2 billion of notes.
• The offer included $700 million 3.8% notes due 2026, $600 million 5% notes due 2035 and $700 million 5.15% Notes due 2046.
• BofA Merrill Lynch, Citigroup and Mizuho Securities acted as underwriters.
• The issuer used the proceeds from these notes to refinance existing debt and for general corporate purposes. 

Rani Mehta - Journalist