Coca-Cola HBC Raises €2.1 Billion in Euro Bonds as Africa Deal Moves Ahead
Coca-Cola HBC raised €2.1 billion in a bond sale after receiving over €7.1 billion in orders, tightening pricing by at least 0.30 percentage points. Proceeds will help fund its planned $2.6 billion purchase of Coca-Cola Beverages Africa. The bonds, split across three maturities, are set to settle April 1 in London. The CCBA deal still requires regulatory approval.