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PepsiCo Raises $1.25B In Note Sale

PepsiCo has raised $1.25 billion through a two-part sale of senior unsecured notes.

PepsiCo has raised $1.25 billion through a two-part sale of senior unsecured notes, Reuters reports. The first tranche of $500 million notes, which carry a coupon rate of 0.750%, will mature on Aug. 25, 2014.

The second tranche of $750 million notes, carrying a coupon rate of 3.00%, will mature on Aug. 25, 2021. Morgan Stanley, BNP Paribas and Deutsche Bank were joint bookrunners for the offering.

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