Search
 

J&J, Kraft Heinz Join Global Borrowing Binge

Issuance in Europe is within reach of a weekly record.

By Sally Bakewell, Selcuk Gokoluk and Claire Boston, Bloomberg | Updated on May 11, 2016

Johnson & Johnson sold 4 billion euros ($4.6 billion) of bonds Wednesday, its first sale in the single currency since 2007, putting corporate debt issuance in Europe within reach of a weekly record.

The world’s largest maker of health-care products sold securities maturing between 2022 and 2035, according to a person familiar with the sales who asked not to be identified because they’re not authorized to discuss it publicly. Kraft Heinz Co. and General Motors Financial Co. also sold notes, helping push the week’s tally to about 20 billion euros, the data show. Issuance in the U.S. is on track to be the busiest week this year.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.