Summary by Moomoo AI
The Procter & Gamble Company (P&G) has announced the issuance of $1.35 billion in debt, divided into two tranches: $600 million 4.350% Notes due 2029 and $750 million 4.550% Notes due 2034. The notes, unsecured obligations of P&G, will pay interest semiannually with the first payment due on July 29, 2024, and will mature on January 29 of their respective years. The offering was made under P&G's existing shelf registration and managed by a syndicate of banks, including Citigroup, Goldman Sachs & Co. LLC, and Morgan Stanley as joint book-running managers. The proceeds are intended for general corporate purposes. The sale was conducted in accordance with the rules of the Securities and Exchange Commission, and the notes will not be listed on any securities exchange. The issuance was detailed in a prospectus supplement dated January 24, 2024, to the prospectus dated October 18, 2023.