Investors slake thirst as Pepsi goes green

By David Rothnie
10 Oct 2019

Dollar market stalwart PepsiCo took centre stage in an otherwise subdued week for new US bond issuance, as it pleased investors with its green debut.

The drinks company, rated A1/A+, issued on Monday, attracting an order book that peaked at $3.65bn. The deal piqued an investor base increasingly engaged in environmental, social and governance (ESG) issues.

The order book shrank to $2bn as the company printed a $1bn 30 year trade at 92bp ...

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