Coca-Cola has launched bonds in euros for 8,5 billion. In this way, the Atlanta-based beverage giant made the largest sale by an American company of bonds denominated in euros and the second ever after the 9,75 billion one made by Roche in 2009.
The bonds issued by Coca-Cola have maturities of between two and twenty years, with fixed and floating rates. Eight-year bonds have a 0,75% coupon. Standard & Poor's rating of Coca-Cola's debt is “Aa”.
According to several analysts, the Atlanta-based company's move could dictate a trend among American companies, which would jump into the European bond market to take advantage of credit costs at historic lows.
According to the research firm Dealogic, sales of euro-denominated bonds by American companies has already reached 28 billion this year, compared to 13 billion in the same period of 2014, the highest since 2007.
