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Philip Morris Raises $1B In Note Sale

U.S. tobacco company, Philip Morris International, has raised $1 billion through a two-part sale of senior notes.

May 10, 2011

U.S. tobacco company, Philip Morris International, has raised $1 billion through a two-part sale of senior notes, Reuters reports. The first tranche of $650 million notes, which carry a coupon rate of 2.5%, will mature on May 16, 2016.
 
The second tranche of $350 million notes, which carry a coupon rate 4.125%, are due to mature on May 17, 2021. Credit Suisse, Deutsche Bank and RBS were the joint book-runners for the deal.

Click here for the story from Reuters.

Philip Morris International Rbs Credit Suisse Deutsche Bank