UK confectioner Cadbury today (5 March) announced the pricing of a GBP300m (US$423m) note issue.
To be issued under the company’s existing Euro Medium Term Programme, the coupon on the 2014 notes has been fixed at 5.375% with an issue price of 99.9%.
The proceeds will be used for general corporate purposes and will fund Cadbury’s near-term objective to reduce short-term borrowings, the company said.
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