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Pepsi to take green mainstream with sustainable bond sale: Details here

The company offered $1 billion of senior unsecured green securities, according to a person with knowledge of the matter

Topics
PepsiCo | Bonds

Molly Smith & Caleb Mutua | Bloomberg 

PepsiCo Inc. has joined the charge to make green bonds more mainstream as the soda giant has wrapped its debut sale of the debt. The company offered $1 billion of senior unsecured green securities, according to a person with knowledge of the matter.

The 30-year bonds will yield 92 basis points above Treasuries, after initially discussing 110 basis points, said the person, who asked not to be identified as the details are private. That’s the larger end of its targeted range, and at the lower end of price talk, the person said. Pepsi plans to invest the proceeds in sustainable ...

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First Published: Tue, October 08 2019. 02:31 IST
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