Reckitt Benckiser issues dual-tranche senior notes

17th Sep 2013 07:41

Reckitt Benckiser, the multinational consumer goods company, has announced that Reckitt Benckiser Treasury Services, its indirect wholly-owned subsidiary, has priced its one billion dollar dual-tranche senior notes. The first tranche consists of $500m senior notes due in 2018 and the other $500m due in 2023. The notes, which are expected to be issued on September 23rd, were offered to the public at a price of 99.342% and 98.745%, respectively. The 2018 notes will bear interest at a rate of 2.125% per annum, and the 2023 notes will bear interest at a rate of 3.625% per annum. NR