Unilever prices $1.25bn bond on US market

Unilever announced on Tuesday that it had priced a dual-tranche $1.25bn bond on the US market on Monday.

The FTSE 100 consumer products company said $550m 1.375 % fixed rate notes are due 28 July 2021, with a further $700m 2.0% fixed rate notes due 28 July 2026.

It said the bond offering is scheduled to close on 28 July 2016.

“This offering is being made only by means of a prospectus and related prospectus supplement,” the company’s board confirmed in a statement.

Morgan Stanley, Goldman Sachs, JPMorgan and Mizuho Securities USA were named as working with Unilever on the offer.