Colgate-Palmolive plans bond offering of US$1B in notes ranging from three-, five- and ten-year debentures; proceeds may go to repaying debt

LOS ANGELES , November 3, 2011 () – Colgate-Palmolive Co. is planning a bond offering of US$1 billion in three-, five-, and ten-year notes, a person knowledgeable of the transaction said, Bloomberg reported Nov. 3.

About $300 million of each three- and ten-year notes as well as $400 million of five-year notes will be offered.

According to the source, BNP Paribas SA, Citigroup Inc., Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., and Morgan Stanley will manage the offer.

For the second time this year the company is tapping into the corporate bond market, which is seeing borrowing costs plummet for investment-grade companies due to a rise in U.S. investor confidence.

The primary source of this article is Bloomberg, New York, on Nov. 3, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.