THE WHAT? Procter & Gamble has completed a US$2 billion offering of two tranches of notes, according to a press release issued by Fried Frank, who acted as counsel to lead underwriters, Citigroup Global Markets, Goldman Sachs and Morgan Stanley.
THE DETAILS The notes comprise US$1 billion of 1 percent notes due April 23, 2026 and US$1 billion of 1.95 percent notes due April 23, 2031.
THE WHY? The US FMCG giant intends to use the proceeds from the offering for general corporate purposes, per Fried Frank’s press release.