By Cristal Cody
Tupelo, Miss., Oct. 30 – Colgate-Palmolive Co. sold $400 million of 2.25% five-year series H medium-term notes (Aa3/AA-) on Monday at a spread of Treasuries plus 32 basis points, according to a market source.
The notes priced on the tight side of guidance in the Treasuries plus 35 bps area.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC were the bookrunners.
The consumer products company is based in New York City.
| Issuer: | Colgate-Palmolive Co.
|
| Amount: | $400 million
|
| Description: | Medium-term notes
|
| Maturity: | Nov. 15, 2022
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC
|
| Coupon: | 2.25%
|
| Spread: | Treasuries plus 32 bps
|
| Trade date: | Oct. 30
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 35 bps area
|
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