17th Sep 2013 06:44
SLOUGH (Alliance News) - Consumer goods giant Reckitt Benckiser Group Plc. (RB.L, RBGPF.PK) announced that its indirect wholly owned subsidiary, Reckitt Benckiser Treasury Services plc, had priced its offering of US$1 billion aggregate principal amount of senior notes in two tranches, consisting of US$500 million senior notes due 2018 and US$500 million senior notes due 2023. The 2018 Notes and the 2023 Notes were offered at a price to the public of 99.342% and 98.745%, respectively.
According to the company, the 2018 Notes will bear interest at a rate of 2.125% per annum, and the 2023 Notes will bear interest at a rate of 3.625% per annum. Interest on the Notes is payable on 21 March and 21 September of each year beginning 21 March 2014.
The Notes are expected to be issued on or about 23 September 2013.
The Notes will be guaranteed by the company. Net proceeds from the Notes will be used for general corporate purposes.
Copyright RTT News/dpa-AFX
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