By Aleesia Forni
Virginia Beach, Oct. 28 - Colgate-Palmolive Co. (Aa3/AA-/) priced $300 million of 1.5% five-year notes at 99.402 on Monday, according to an FWP filed with the Securities and Exchange Commission.
Proceeds will be used for general corporate purposes, including the retirement of commercial paper.
The notes feature a make-whole call at Treasuries plus 5 basis points.
HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the joint bookrunners.
Colgate-Palmolive is a New York City-based consumer products company.
| Issuer: | Colgate-Palmolive Co.
|
| Amount: | $300 million
|
| Description: | Notes
|
| Maturity: | Nov. 1, 2018
|
| Bookrunners: | HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
|
| Coupon: | 1.5%
|
| Price: | 99.402
|
| Trade date: | Oct. 28
|
| Settlement date: | Nov. 1
|
| Make-whole call: | Treasuries plus 5 bps
|
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