General Mills is offering its first benchmark bonds in about 14 months, including its first 30-year debt since 2010. The company may sell three-year fixed- or floating-rate bonds, or a portion of each, and the 30-year securities.
January 28, 2013 at 12:00 AM
1 minute read
General Mills Inc., the maker of Cheerios cereal, is offering its first benchmark bonds in about 14 months, including its first 30-year debt since 2010.
The company may sell three-year fixed- or floating-rate bonds, or a portion of each, and the 30-year securities as soon as today, according to a person familiar with the transaction. Proceeds will be used to repay debt.
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