Reckitt Benckiser Markets New Euro and Sterling Bonds
By Miriam Mukuru
British consumer goods company Reckitt Benckiser is offering new euro-denominated and sterling-denominated bonds, LSEG data showed.
The British multinational consumer goods company is marketing a 6-year sterling bond, a 3-year euro bond and a 9-year euro bond.
The initial price talk for the sterling bond is at around 90 basis points above the yield on the U.K. government bond, or gilt, maturing in July 2031. The initial price talk for the euro bonds is at midswaps plus around 80 basis points for the 3-year issue, and at midswaps plus 125 basis points to 130 basis points for the 9-year issue, according to LSEG.
Proceeds from the sale will be used for general corporate purposes.
CreditSights analysts have a market-perform recommendation on Reckitt Benckiser's credit.
The company's results were relatively strong, but risks of litigation and the sub-optimal outcome of its Essential Home Business sale could affect the performance of its corporate bonds, CreditSights says.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
September 01, 2025 07:22 ET (11:22 GMT)
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