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Business & Finance

PepsiCo Is Raising €1 Billion a Day After Cutting Profit Outlook

Bloomberg Markets Friday 09 October 2026, 09:02 UTC By Colin Keatinge and Olga Voitova 1 min read
Key Points

PepsiCo Is Raising €1 Billion a Day After Cutting Profit Outlook PepsiCo Inc. entered Europe’s public bond market on Friday with a €1 billion ($1.12 billion) two-part deal, a day after cutting its profit outlook on mounting costs in North America. The deal is split between a three-year tranche and a nine-year tranche, each fixed at a size of €500 million. The initial pricing level for the shorter part is around 60 basis points above mid-swaps while the longer slice of debt is being marketed...

PepsiCo Is Raising €1 Billion a Day After Cutting Profit Outlook PepsiCo Inc. entered Europe’s public bond market on Friday with a €1 billion ($1.12 billion) two-part deal, a day after cutting its profit outlook on mounting costs in North America. The deal is split between a three-year tranche and a nine-year tranche, each fixed at a size of €500 million. The initial pricing level for the shorter part is around 60 basis points above mid-swaps while the longer slice of debt is being marketed at around 105 basis points, according to a person familiar with the matter who asked not to be identified.
PepsiCo (ORG) PepsiCo Inc. (ORG) Europe (LOCATION) North America (LOCATION)
Originally published by Bloomberg Markets Read original →

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