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Procter & Gamble sells $1.4 bln 30-year bond

Wed Feb 28, 2007 11:04am EST

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NEW YORK, Feb 28 (Reuters) - U.S. consumer products maker Procter & Gamble (PG.N) on Wednesday sold $1.4 billion in a U.S. dollar-denominated 30-year bond, said joint lead manager Citigroup Global Markets.

Bonds  |  IPOs

The 30-year bonds were priced to yield 90 basis points over U.S. Treasuries.

Earlier on Wednesday Procter & Gamble withdrew the 10-year euro bond issue and 20-year euro bond issue, citing unstable market conditions.

The sale with the three tranches had been expected to total $4 billion equivalent.

The other joint lead managers on the sale were Goldman Sachs, JP Morgan, Morgan Stanley and Merrill Lynch.

Bonds
IPOs


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