Kraft Foods is reportedly mulling a GBP7bn (US$11.33bn) bond issue in order to finance its acquisition of UK chocolate maker Cadbury.
Go deeper with GlobalData
According to The Sunday Times, the Dairylea maker intends to issue the bonds in order to refinance a short-term bridging loan provided by a consortium of investment banks, including Deutsche Bank.
While Kraft highlighted the possibility of a bond issue as an option in its formal offer to Cadbury shareholders last week, no formal announcement has been made.
Meanwhile, a spokesperson for the company said that the reports were “complete speculation”.
“We haven’t reached a decision on that,” the spokesperson said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
