Summary by Moomoo AI
Procter & Gamble, the multinational consumer goods corporation, has successfully priced a substantial debt offering on January 24, 2024. The offering consists of two sets of notes, totaling $1.35 billion. The first set, $600 million of 4.350% notes, is due to mature on January 29, 2029, and was priced at 99.956% of the principal amount, yielding 4.360%. The second set, $750 million of 4.550% notes, will mature on January 29, 2034, and was issued at 100% of the principal amount, with a yield to maturity of 4.550%. Both notes will have interest payments commencing on July 29, 2024, and will be paid semi-annually. The offering, managed by a syndicate of banks including Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC, is SEC-registered but will not be listed. Procter & Gamble's long-term debt ratings are Aa3 with a stable outlook from Moody's and AA- with a stable outlook from S&P. The settlement date for the notes is scheduled for January 29, 2024, following a T+3 settlement cycle.