Reckitt Benckiser Group has raised funds equivalent to over 1.3 billion British Pounds in a new bond sale, the first issuance under a recently established debt programme.
The maker of Lysol disinfectant said on Monday it had priced three series of notes under its 10 billion British Pounds Euro Medium Term Note programme, which was set up earlier this month.
The sale includes 700 million euros of notes due 2028 at a 2.625% interest rate and 250 million British Pounds of notes due 2031 at a 4.875% rate, the company said.
A third tranche consists of 650 million euros in notes maturing in 2034 with a 3.500% interest rate.
According to a company filing, the notes are being issued by its subsidiary, Reckitt Benckiser Treasury Services plc, and are guaranteed by the parent company.
The notes are expected to be formally issued on September 10.
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Reckitt Benckiser Group, the maker of Lysol disinfectant and Dettol cleaning products, has established a framework to issue up to 10 billion British Pounds in debt, giving it flexibility for future financing.