Pepsi Sells $4.7 Billion of Dollar, Euro High-Grade Bonds (2)

PepsiCo Inc. sold $4.7 billion of bonds on Monday, in a pair of offerings that included the longest-dated euro-denominated corporate new issue since February.

In the US, the snacks and beverage giant borrowed $3.5 billion in four parts, according to a person with knowledge of the matter. PepsiCo also raised €1 billion ($1.2 billion) in the European debt market in a two-part deal that included a €500 million 30-year tranche.

That €500 million portion was the longest-tenor corporate bond issue denominated in the common currency since Johnson & Johnson priced 30-year notes in February as part of a five-part offering, ...