October 21, 2008 / 8:17 PM / 9 years ago

PepsiCo, Bottling Group LLC launch $3.3 bln sale-IFR

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 NEW YORK, Oct 21 (Reuters) - PepsiCo (PEP.N) and Bottling Group LLC on Tuesday launched a $3.3 billion two-part sale, said International Financing Review.
 Pricing is expected later on Tuesday.
 The sale includes $2 billion of PepsiCo 10-year notes, due Nov. 1, 2018, which were launched at 4.20 percentage points more than U.S. Treasuries, said IFR, a Thomson Reuters publication.
 The second part consists of $1.3 billion in five-year notes, due March 15, 2014, launched at 4.35 percentage points over Treasuries. The five-year notes will be issued through Bottling Group LLC and guaranteed by PepsiCo.
 Active managers for both sales are Merrill Lynch & Co and Morgan Stanley. 

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