Colgate-Palmolive talks five-, 10-year notes for Monday pricing

By Andrea Heisinger

New York, April 29 - Colgate-Palmolive Co. is talking an offering of notes (Aa3/AA-/AA-) for pricing in Monday's session, a source close to the trade said.

There will be five-year notes, with guidance in the mid Treasuries plus 40 basis points area, along with 10-year notes talked in the high 60 bps area, the source said.

Bookrunners are BofA Merrill Lynch, BNP Paribas Securities Corp. and Citigroup Global Markets Inc.

The New York City-based consumer products company was last in the U.S. bond market with a $500 million offering of 1.95% notes due 2023 priced at 58 bps over Treasuries on July 27, 2012.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.