Procter & Gamble to price offering of notes through three bookrunners

By Devika Patel

Knoxville, Tenn., Oct. 31 – Procter & Gamble Co. plans to price an offering of notes in a single tranche, according to a 4245B filing with the Securities and Exchange Commission.

The notes have a make-whole call.

Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to fund all or part of the redemption of all $1.25 billion of the company’s 4.7% notes due 2019 on Nov. 3 and all or part of a previously announced debt tender offer for up to $1.25 billion of 12 series of bonds.

The consumer products company is based in Cincinnati.

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