By Andrea Heisinger
New York, May 4 - Procter & Gamble International Funding SCA sold $2 billion one-year floating-rate notes Monday at par to yield three-month Libor plus 1 basis point, an informed source said.
The notes (Aa3/AA-/) had initial guidance of Libor plus 3 bps, the source said.
Bookrunners were Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and RBS Securities Inc.
Proceeds will be used for general corporate purposes.
The unit of consumer goods company Procter & Gamble Co. is based in Cincinnati.
| Issuer: | Procter & Gamble International Funding SCA
|
| Issue: | Floating-rate notes
|
| Amount: | $2 billion
|
| Maturity: | May 7, 2010
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc., RBS Securities Inc.
|
| Coupon: | Three-month Libor plus 1 basis point
|
| Price: | Par
|
| Yield: | Three-month Libor plus 1 bp
|
| Trade date: | May 4
|
| Settlement date: | May 7
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Price talk: | Three-month Libor plus 3 bps
|
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