Philip Morris targets euro double after dollar treble

Nigel Owen

November 03, 2017 02:45 pm

Philip Morris — The logo of Philip Morris at a press conference in Dresden, Germany, 19 June 2017. The American tobacco concern is investing 320 million euros into the construction of a new factory in Dresden. The factory will produce tobacco sticks for the electrical tobacco heating system IQOS from 2019 onwards. Photo: Sebastian Kahnert/dpa-Zentralbild/dpa | Sebastian Kahnert/DPA/PA Images

On Thursday, tobacco company Philip Morris sold a $2bn triple-tranche bond deal. On Friday, it was in Europe selling a €1bn dual-tranche transaction, taking advantage of the demand for longer tenors.

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Topics

Deutsche Bank Credit Suisse News content United States Americas Euro Barclays North America Corporate Bonds

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Nigel Owen