Coca-Cola Enterprises sips €350m of 10 years

By Jon Hay
30 Oct 2013

Coca-Cola Enterprises, the world’s third largest independent Coca-Cola bottler with exclusive rights for the UK, France, Benelux and Scandinavia, sold a €350m no-grow 10 year bond today.

Bank of America Merrill Lynch, Barclays, Deutsche Bank and HSBC announced the deal at 75bp area over mid-swaps this morning, set guidance at 70bp area and priced it at 67bp.

The company is rated A3/BBB/BBB+.

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