By Andrea Heisinger
New York, Feb. 1 - Procter & Gamble Co. sold $1.25 billion of 1.375% notes due Aug. 1, 2012 on Monday to yield 55 basis points over Treasuries, an informed source said.
The notes (Aa3/AA-/) priced at 99.927 to yield 1.405%.
Bank of America Merrill Lynch, Deutsche Bank Securities Inc. and Goldman Sachs & Co. were the bookrunners.
Proceeds will be used for general corporate purposes.
The consumer products company is based in Cincinnati.
| Issuer: | Procter & Gamble Co.
|
| Issue: | Notes
|
| Amount: | $1.25 billion
|
| Maturity: | Aug. 1, 2012
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank Securities Inc., Goldman Sachs & Co.
|
| Coupon: | 1.375%
|
| Price: | 99.927
|
| Yield: | 1.405%
|
| Spread: | Treasuries plus 55 bps
|
| Trade date: | Feb. 1
|
| Settlement date: | Feb. 8
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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