Smiths Group completes US bond offering

15th Oct 2012 14:45

Technology group Smiths Group said its bond offering, announced on October 5th, has now closed.The company raised $400m through the issue of dollar-denominated notes with a 10-year maturity and a fixed coupon of 3.625%.Smiths Group will use the net proceeds from the notes for general corporate purposes and to repay certain existing indebtedness of the company. JH