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PepsiCo Raises $1.75B Via Note Sale

PepsiCo has sold notes worth $1.75 billion in a two-part sale.

PepsiCo has sold notes worth $1.75 billion in a two-part sale, Bloomberg reports. The first tranche of $750 million notes mature in two years, while the $1 billion notes mature in five years.

The New York-based company will use the sale proceeds for general corporate purposes. Bank of America, Citigroup and Royal Bank of Scotland managed the sale.

Click here for the story from Bloomberg.

Click here for additional coverage from Reuters.

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