Coca-Cola Launches $5B Bond Deal Firm To Talk, Biggest In Month

In one of the biggest deals so far in the second half of the year, The Coca-Cola Company today launched a $5 billion, five-part deal, as it prefunds maturities through the first quarter next year. The beverage giant set spreads at the tight end of guidance ranges, including at T+22 for $500 million of three-year fixed-rate notes and at L+10 for the same amount of three-year floating-rate notes; at T+42 for $1.25 billion of five-year notes; at T+60 for $1.25 billion of seven-year notes; and at ...