By Andrea Heisinger
Omaha, May 7 - Colgate-Palmolive Co. priced $250 million of 4.2% five-year medium-term notes Wednesday to yield Treasuries plus 107 basis points, an informed source said.
The notes (Aa3/AA-/AA-) priced at 99.977 and have a make-whole redemption option of Treasuries plus 20 bps.
Agents were Goldman Sachs & Co., Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc.
Proceeds will be used to retire commercial paper used for general corporate purposes.
The household, health and personal products company is based in New York City.
| Issuer: | Colgate-Palmolive Co.
|
| Issue: | Medium-term notes
|
| Amount: | $250 million
|
| Maturity: | May 15, 2013
|
| Agents: | Goldman Sachs & Co., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc.
|
| Coupon: | 4.2%
|
| Price: | 99.977
|
| Spread: | Treasuries plus 107 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
| Trade date: | May 7
|
| Settlement date: | May 12
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
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