Euro buyers slake Easter thirst on Pepsi debut

Pepsico cheese for new website
By Jon Hay
24 Apr 2014

PepsiCo, the US soft drinks and snacks group, sold its first bond in a continental European currency for 18 years on Tuesday, with a seven and 12 year euro bond that was capped at €1bn.

BNP Paribas, Deutsche Bank and HSBC announced the SEC registered deal on Tuesday morning. With split ratings of A1/A-/A (all stable), PepsiCo has been warding off attempts by activist investor Nelson Peltz, founder of Trian Fund Management, to make it split its drinks and snacks divisions.

The company ...

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