Coca-Cola Amatil goes long in A$ to offer more yield
Coca-Cola Amatil sold an Australian dollar Euro-MTN on Wednesday afternoon, opting for an unusual seven year maturity to increase the yield to investors.
The company, rated A3/A-, is one of the worlds five leading Coca-Cola bottlers, operating mainly in Australia, New Zealand and Indonesia.ANZ priced the A$125m ($123m) 4.375% June 2020 paper at 90bp over mid-swaps, in line with guidance of the 90bp area. The deal was increased from A$100m in ...
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