Johnson Controls, Tyco Fire offer 12-year euro-denominated green bonds

By Marisa Wong

Los Angeles, May 16 – Johnson Controls International plc and Tyco Fire & Security Finance SCA plan to price 12-year euro-denominated green bonds (Baa2/BBB+), according to a notice.

The inaugural issue is expected to price at mid-swaps plus 160 basis points to 165 bps.

Barclays, Citi, Deutsche Bank and Standard Chartered are the managers.

Johnson Controls is a global diversified technology company based in Cork, Ireland. Tyco Fire & Security is a wholly owned subsidiary and holding company with offices in Luxembourg.

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