U.S. food and beverage company Mondelez International Inc. (MDLZ) is following Microsoft Corp. selling bonds in Europe as borrowing costs fall.
The maker of Oreo cookies is marketing a total of 2.4 billion euros ($3.2 billion) of fixed- and floating-rate notes, according to a person familiar with the matter. The average yield investors demand to hold corporate bonds in euros instead of government debt dropped six basis points this week to 123 basis points, the lowest since June 12, Bank of America Merrill Lynch index data show. Continue reading “Mondelez Follows Microsoft Selling Bonds in Europe as Costs Fall”