Coca-Cola HBC Raises €2.1 Billion in Euro Bonds as Africa Deal Moves Ahead
Coca-Cola HBC landed a 2.1 billion euro bond deal Thursday, pulling in over 7.1 billion euros in orders—well above the 1.5 billion euros the company initially targeted. As the books swelled, pricing was cut back by no less than 0.30 percentage points from where talks began. Coca-Cola HBC plans to use the deal’s proceeds to cover general financing and refinancing, plus the cash portion tied to its planned buyout of Coca-Cola Beverages Africa, or CCBA. The move locks in a funding route for what’s set to be the company’s largest expansion in recent years, with the acquisition still on track to wrap up by the end of 2026.