Ireland: Medtronic prices four tranche bond issue to raise €3.5bn

Dublin-based Medtronic, one of the world’s largest medical technology companies has priced a €3.5bn (US$3.5bn) four tranche bond offering. The A3/A (Moody’s/S&P)-rated borrower raised €500m over three years with notes paying a coupon of 2.625%, €1bn of 3% notes due 2028, €1bn of 3.125% notes due 2031 and €1bn of 3.375% notes due 2034. Net…

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