FedEx €3 billion notes issue

5/4/2016
Investment grade bond/note issue

€ 3 billion

$ 3.41 billion

Completed

5/4/2016


Overview:

  • FedEx issued €3 billion notes.
  • The offer included €500 million of floating rate notes due 2019, €500 million of 0.5% notes due 2020, €750 million of 1.0% notes due 2023 and €1.25 billion of 1.625% note due 2027
  • The proceeds from the notes were used to finance FedEx's acquisition of TNT Express.
  • BNP Paribas, Merrill Lynch, Deutsche Bank and JP Morgan acted as bookrunners.
  • BNP Paribas, Citigroup Global Markets, Deutsche Bank, HSBC, ING Bank, JP Morgan, Merrill Lynch, Mizuho International, Morgan Stanley, Scotiabank and Wells Fargo acted as underwriters.

Rani Mehta - Journalist 

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Consumer goods and services


Firm:

Party: FedEx (Issuer)