Drinks manufacturer Pernod Ricard said two bond sales on Wednesday totalling €1.5 billion, which will be used to refinance bank debt facilities, were heavily subscribed.
Pernod Ricard said it received offers worth €5.5 billion ($6.03 billion) for the bonds on offer.
The new issue included a €750 million bond due in April 2030 at a spread of 185 basis points and another €750 million paper due in April 2025 at 150 basis points.
The bonds carried coupons of 1.750% and 1.125% respectively.
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