June 25, 2020 |
The Mexican division of the US personal hygiene products company Kimberly-Clark raised $500 million in the cross-border bond market on Wednesday, pricing new 2030 notes to yield 2.431%, or 175 basis points over US Treasury bonds, said a source involved in the deal.
The company opened initial price talk in the low- to mid-200 basis points over US Treasury notes, but it narrowed the spread to 180 basis points, plus or minus five points, before launching at 175 points, the source said.
Citi was the
Personal hygiene paper products company raises $500 mln in the cross-border bond market to refinance debt