Coca-Cola €8.5 billion notes issue

26/2/2015

Investment grade bond/note issue

Value:

€ 8.5 billion

Dollar value:

$ 9.5 billion

Status:

Completed

Date:

26/2/2015

Overview:

Coca-Cola has issued €8.5 billion in notes.
This was the largest US bond offering by a US company in Euros in history.
The decision to denominate the offering in euros follows a trend of US companies looking to the Eurozone bond market.
The proceeds are expected to be used to pay off current debt and for general corporate needs.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Belgium

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Food and beverage

Firm:

Skadden Arps Slate Meagher & Flom

Party: Coca-Cola (Issuer)

Lawyer: Dwight Yoo

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