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Coca-Cola Icecek's debut sustainability notes due 2029 have price talk in 4¾% area
By Cristal Cody
Chicago, Jan. 13 – Turkey’s Coca Cola Icecek AS is talking its inaugural sustainability-linked notes due 2029 (BBB-/BBB-) in the 4¾% area, a market source reported.
The company said that it intends to offer up to $750 million.
The sale of the notes is being run by HSBC Bank plc, J.P. Morgan Securities plc, Bank of America Merrill Lynch International and MUFG Securities EMEA plc.
Investor meetings started Monday.
Distribution is via Rule 144A and Regulation S.
Proceeds, according to S&P Global Ratings, will be used to refinance upcoming debt maturities and for general corporate purposes.
Coca-Cola Icecek is an Istanbul-based bottler.
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